Meta Platforms (META) has reached out to Microsoft (MSFT) and Amazon (AMZN, Financial) over the past year in an effort to secure partnerships for sharing the expenses involved in the development of its large language model, Llama. The company has reportedly offered potential partners various incentives, including having a say in the feature development of Llama.
Despite these offers, some of the companies involved in these discussions have shown reservations. Concerns were raised regarding the idea of investing in a project that Meta plans to make available for free through open-source channels in the future.
This move highlights Meta’s strategy to collaborate with other tech giants to offset developmental costs while enhancing its artificial intelligence capabilities. However, the open-source nature of Llama seems to be a sticking point for potential partners who are wary of funding something that will not provide exclusive benefits.
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 $254.79 with a high estimate of $306.00 and a low estimate of $200.00. The average target implies an upside of 47.61% from the current price of $172.61. 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 $184.16, suggesting a upside of 6.69% from the current price of $172.61. 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.
