- Amazon's AI and cloud computing prospects are boosting its growth potential.
- Analysts project a significant upside for Amazon stock, with an average target price of $264.58.
- Amazon holds an "Outperform" status with a 1.8 brokerage firm consensus rating.
Amazon.com, Inc. (AMZN, Financial) continues to be a focal point for investors, as Monness analyst Brian White emphasizes a "Buy" rating, driven by Amazon's advancements in artificial intelligence and strategic market positioning. Despite encountering short-term obstacles, Amazon Web Services (AWS) is poised to leverage AI advancements and the ongoing shift toward cloud services, which could substantially elevate the stock's growth trajectory.
Wall Street Analysts Forecast
Wall Street analysts have set ambitious targets for Amazon.com Inc (AMZN, Financial), with one-year price projections offered by 67 analysts averaging at $264.58. These estimates range from a high of $306.00 to a low of $203.00, suggesting a potential upside of 50.97% from the current stock price of $175.26. For more detailed projections and insights, visit the Amazon.com Inc (AMZN) Forecast page.
Moreover, a consensus from 73 brokerage firms positions Amazon.com Inc (AMZN, Financial) with an average brokerage recommendation of 1.8, highlighting an "Outperform" status. This rating system ranges from 1 (Strong Buy) to 5 (Sell), providing a clear indication of the stock's promising outlook.
According to GuruFocus metrics, the estimated GF Value for Amazon.com Inc (AMZN, Financial) in a year is calculated at $184.70. This projection signifies a modest gain of 5.39% from the current market price of $175.26. The GF Value assessment is premised on historical trading multiples, past business growth metrics, and future performance estimates. Further comprehensive data is available on the Amazon.com Inc (AMZN) Summary page.
