Wedbush has adjusted its outlook on Amazon.com (AMZN, Financial) by reducing the stock's price target from $280 to $225 while maintaining an Outperform rating. This decision comes as part of a broader review of the internet sector in anticipation of the company's first-quarter results.
The revision reflects growing economic uncertainties, influenced by ongoing macroeconomic concerns, the potential impact of tariffs, and a notable decline in consumer confidence both domestically and internationally. These factors contribute to a challenging environment, causing Wedbush to lower its 2025 estimates and price targets for several companies across the sector.
Amid these persistent uncertainties, the firm underscores the need for clearer guidance from company managements. They aim to attain more detailed insights into the current economic landscape, which they describe as a "dense fog." In the coming weeks, analysts hope to engage with management teams to better understand the challenges and opportunities ahead for Amazon and its peers.
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 $256.28 with a high estimate of $306.00 and a low estimate of $200.00. The average target implies an upside of 40.72% from the current price of $182.12. 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 upside of 1.25% from the current price of $182.12. 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.
