- Raymond James downgrades Amazon (AMZN, Financial) from Strong Buy to Outperform, citing concerns over tariffs and AI spending.
- Revised price target for Amazon is set at $195, significantly reduced from the previous $275.
- Consensus among analysts suggests a 44.75% potential upside with an average target price of $250.68.
Raymond James has adjusted its rating for Amazon (AMZN), moving from Strong Buy to Outperform. This adjustment reflects growing concerns over the potential impacts of tariffs and the risks linked with the company's increased expenditure on artificial intelligence. Consequently, the firm's price target for Amazon has been notably reduced to $195 from $275, acknowledging the challenges Amazon faces within the dynamic retail and technology sectors.
Wall Street Analysts Forecast
According to projections from 66 analysts over the next year, the average price target for Amazon.com Inc (AMZN, Financial) stands at $250.68. The forecasts range from a high estimate of $295.46 to a low of $195.00. This average target indicates a potential upside of 44.75% from the current trading price of $173.18. For a more in-depth look at these estimates, visit the Amazon.com Inc (AMZN) Forecast page.
Gathering insights from 72 brokerage firms, the consensus on Amazon.com Inc's (AMZN, Financial) average brokerage recommendation currently holds at 1.8, which corresponds to an "Outperform" status. The ratings scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
GuruFocus estimates suggest that the GF Value for Amazon.com Inc (AMZN, Financial) within a year is estimated to be $183.77, which indicates a potential upside of 6.12% from the current price of $173.18. The GF Value is derived from historical trading multiples, past business growth trajectories, and anticipated future performance. For further detailed data, refer to the Amazon.com Inc (AMZN) Summary page.
