- Amazon's strategic GPU initiative, "Project Greenland," focuses on bolstering AI innovation through AWS.
- Analysts predict significant stock price growth for Amazon, with an average target price suggesting a potential 45.30% upside.
- Amazon's GF Value estimate foresees a more modest 6.45% upside, aligning with historical performance metrics.
Amazon.com Inc. (AMZN, Financial) has launched an ambitious initiative titled "Project Greenland," focusing on ensuring sufficient GPU capacity to meet the demands of its expanding AI operations. This strategic effort revolves around optimizing GPU distribution, thereby boosting Amazon's innovative capabilities within Amazon Web Services (AWS). With a plan to inject $5.7 billion into AWS infrastructure by 2025, Amazon saw its stock rise by 3% recently, reflecting investor confidence.
Wall Street Analysts Forecast
Wall Street analysts continue to express optimism towards Amazon.com Inc. (AMZN, Financial) with 66 experts setting a one-year average price target of $250.83. This encompasses a high projection of $295.46 and a low estimate of $195.00. This average price target indicates a promising upside of 45.30% from the current stock price of $172.64. For more detailed estimate data, investors can visit the Amazon.com Inc (AMZN) Forecast page.
The consensus recommendation from 72 brokerage firms positions Amazon.com Inc. (AMZN, Financial) at an average brokerage recommendation of 1.8, classifying it as "Outperform." This rating is based on a scale from 1 to 5, where 1 denotes a Strong Buy and 5 signifies a Sell signal.
According to GuruFocus estimates, the estimated GF Value for Amazon.com Inc. (AMZN, Financial) over the next year is $183.77, suggesting a more conservative upside of 6.45% from the current trading price of $172.64. The GF Value represents GuruFocus' estimation of the fair trading value for the stock, calculated based on historical trading multiples, past business growth, and future business performance projections. Investors seeking more detailed data can refer to the Amazon.com Inc (AMZN) Summary page.
