- Amazon's (AMZN, Financial) shares dipped over 3.5% following Wells Fargo's report on a pause in international data center lease discussions.
- Analysts maintain a one-year average price target of $253.43 for Amazon, predicting a significant upside.
- Amazon holds an "Outperform" status with an average brokerage recommendation of 1.8.
Amid evolving strategies in the tech sector, Amazon.com Inc (AMZN) recently experienced a share decline of over 3.5%. This downturn followed a report from Wells Fargo highlighting that the company has paused certain international data center lease negotiations. This move, seen as a strategic digestion phase, mirrors the pattern of recent leasing activities by other giants like Microsoft. Despite these developments, Amazon continues to rely heavily on its self-constructed data center capacity.
Wall Street Analysts Forecast
With insights from 66 analysts, the outlook for Amazon remains optimistic. The average one-year price target is set at $253.43, with projections ranging from a high of $306.00 to a low of $200.00. This average target price suggests a potential upside of 52.67% from the current trading price of $166.00. For more comprehensive estimate data, please visit the Amazon.com Inc (AMZN, Financial) Forecast page.
Consensus among 72 brokerage firms reflects a strong confidence in Amazon, with an average brokerage recommendation score of 1.8, classifying it as "Outperform." The scale used ranges from 1 (Strong Buy) to 5 (Sell), underscoring the positive sentiment surrounding Amazon's market position.
GuruFocus Valuation
According to GuruFocus estimates, Amazon's estimated GF Value is projected to reach $183.77 within a year. This represents a potential upside of 10.7% from the current price of $166. The GF Value is derived from historical trading multiples, past business growth, and projected future performance. To delve deeper into this analysis, explore the Amazon.com Inc (AMZN, Financial) Summary page.
