UBS Bullish on Amazon: Raises Target Price to $264

Stephen Ju Cites Prime Expansion and High-Margin Revenue Growth

Dec 18, 2024

Summary

UBS Reiterates "Buy" Rating on Amazon, Raises Price Target to $264 as Analyst Stephen Ju Praises Expansion of Prime Delivery and High-Margin Revenue Streams

Stephen Ju, an analyst from UBS, just reiterated Buy rating on Amazon.com, Inc. (AMZN, Financial) on December 16, 2024, with raised target price from $230 to $264 per share. UBS appreciated Amazon's expansion of one-day and same-day Prime delivery options and its effort in improving its high-margin revenue streams like ad-supported Prime Video.

The one-year average price target offered by 65 analysts for Amazon is $237.24 and the highest estimate is $285.00 while the lowest is at $180.00.

Based on GuruFocus estimates, the estimated GF Value for Amazon.com Inc in one year is $181.39, suggesting a downside of -21.53% from the current price of $231.15.

Deep dive into Amazon's performance with charts, breakdowns, insiders, politician trading activities, guru insights and more by visiting GuruFocus now!

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