--- title: "Amazon Stock Price Forecast: Weak Earnings Trigger 12% Stock Plunge, Next Support Seen at $200 Mark" type: "News" locale: "en" url: "https://longbridge.com/en/news/303669113.md" description: "Amazon's stock plummeted 12% after Q3 FY2026 earnings missed expectations, driven by a surge in capital expenditures to $220 billion and negative free cash flow. Despite AWS revenue growth of 39%, concerns over high CapEx and a conservative Q4 outlook triggered heavy selling. The stock broke key support levels, with the $200 mark identified as the next critical technical threshold and potential value investment floor." datetime: "2026-10-30T03:16:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303669113.md) - [en](https://longbridge.com/en/news/303669113.md) - [zh-HK](https://longbridge.com/zh-HK/news/303669113.md) generator: "portal-rs" --- # Amazon Stock Price Forecast: Weak Earnings Trigger 12% Stock Plunge, Next Support Seen at $200 Mark TradingKey - Amazon's results miss expectations, sending stock plummeting 12%; technicals face test of $200 level. On October 29 Eastern Time, after tech giant Alphabet (GOOG) plummeted over 10% due to expanding CapEx, Amazon's (AMZN) newly released Q3 FY2026 earnings report followed suit, causing its stock price to tumble 12% in after-hours trading and face heavy ongoing downside pressure. Although Amazon's AWS cloud revenue maintained high growth, multiple areas fell short of expectations, including a surge in capital expenditures (CapEx), free cash flow (FCF) turning negative, and a conservative Q4 outlook, as detailed below: | Financial Metrics | Reported Q3 2026 Data | Market Expectations | Wall Street Concerns & Core Crux | | ----------------- | --------------------- | ------------------- | -------------------------------- | Hit by the disappointing earnings, Amazon's stock price not only surrendered the 200-day moving average and the short-term consolidation zone of $243–$245, but also broke through the strong support level of $224–$226 from June this year, pushing its technical pattern into a breakdown and bottom-seeking phase. Amazon stock price chart, Source: TradingView If collective selling pressure on major U.S. tech stocks fails to subside in the short term, AMZN's stock price will face retesting pressure toward the $200 round-number mark. This level is not only a key psychological threshold, but also represents the significant cost basis of major Wall Street sovereign wealth funds and long-term value funds established in early 2026, offering strong defensive attributes. Furthermore, if the stock price approaches the $200 mark, Amazon's EV/EBITDA multiple will fall back to an extreme low for the past three years of around 12.5x–13.0x. Compared to AWS's rapid YoY growth rate of 39%, its valuation will appear exceptionally attractive, which is expected to trigger strong left-side buying defense from value investors and sovereign wealth funds, providing powerful spot support here. Find out more ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMAA.US](https://longbridge.com/en/quote/AMAA.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZG.US](https://longbridge.com/en/quote/AMZG.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) ## Related News & Research - [Amazon reported booming cloud revenue but otherwise missed expectations](https://longbridge.com/en/news/303633509.md) - [Amazon Stock Could Have Nearly 50% Upside, JPMorgan Says, as AWS Eyes a $1 Trillion Future](https://longbridge.com/en/news/303763101.md) - [Amazon Just Burned $42 Billion in Cash Chasing AI Growth. Is Wall Street Ignoring the Risk?](https://longbridge.com/en/news/303652275.md) - [Amazon.com, Inc. $AMZN Position Lifted by OceanIQ Capital LLC](https://longbridge.com/en/news/303714182.md) - [VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more](https://longbridge.com/en/news/303307575.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**