Citizens JMP has adjusted its price target for Amazon.com (AMZN, Financial), reducing it from $285 to $240 while maintaining its Outperform rating on the stock. This change comes as part of a broader assessment of the firm's e-commerce sector, which faces potential impacts from new tariff regulations and the removal of the de minimis exception for imports from China and Hong Kong.
The firm has revised its economic forecast, lowering estimates due to a perceived 50% chance of a recession occurring in 2025. Despite these challenges, Citizens JMP remains optimistic about Amazon's resilience. The company's significant involvement in consumer staples, along with its strategic emphasis on pricing and convenience, positions it favorably to withstand potential decreases in discretionary spending within its e-commerce operations.
Overall, Citizens JMP believes that Amazon is well-equipped to navigate the current volatile and uncertain economic landscape. This confidence reflects Amazon's strategic advantages, which are expected to help the company manage the evolving macroeconomic conditions effectively.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 67 analysts, the average target price for Amazon.com Inc (AMZN, Financial) is $258.73 with a high estimate of $306.00 and a low estimate of $200.00. The average target implies an upside of 39.95% from the current price of $184.87. More detailed estimate data can be found on the Amazon.com Inc (AMZN) Forecast page.
Based on the consensus recommendation from 73 brokerage firms, Amazon.com Inc's (AMZN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amazon.com Inc (AMZN, Financial) in one year is $184.40, suggesting a downside of 0.25% from the current price of $184.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amazon.com Inc (AMZN) Summary page.
