Key Takeaways:
- Amazon's Project Kuiper satellite launch is delayed, impacting its competition with Starlink.
- Analysts provide a positive outlook with a 44.75% upside potential on AMZN stock.
- Current expert rating places Amazon in "Outperform" territory.
Amazon (AMZN, Financial) is currently navigating some challenges with its Project Kuiper, designed to rival SpaceX's Starlink by delivering satellite internet services. However, due to production delays coupled with unfavorable weather conditions, the company has postponed initial satellite launches to late April 2024. This setback highlights the complexities of entering the burgeoning satellite internet market.
Wall Street Analysts' Perspective
According to projections from 66 analysts, the average one-year target price for Amazon.com Inc (AMZN, Financial) stands at $250.68. Analysts present a high estimate of $295.46 and a low estimate of $195.00. This average target suggests an impressive upside potential of 44.75% from Amazon's current trading price of $173.18. To delve deeper into these estimates, visit the Amazon.com Inc (AMZN) Forecast page for more comprehensive insights.
Furthermore, the collective assessment from 72 brokerage firms positions Amazon.com Inc (AMZN, Financial) with an average brokerage recommendation of 1.8, reflecting an "Outperform" rating. This rating system ranges from 1, indicating a Strong Buy, to 5, signifying a Sell recommendation.
Evaluating Amazon's GF Value
Per GuruFocus estimates, Amazon.com Inc (AMZN, Financial) holds an estimated GF Value of $183.77 for the upcoming year, implying a modest upside of 6.12% from the current price point of $173.18. The GF Value is a metric that represents GuruFocus' assessment of the fair trading value for the stock. This valuation is derived by considering Amazon's historical trading multiples, past growth trajectories, and anticipated future business performance. For further details and a comprehensive overview, explore the Amazon.com Inc (AMZN) Summary page.
