Summary:
- Amazon's (AMZN, Financial) stock is experiencing a resurgence in anticipation of its Q1 earnings report, with analysts noting strong potential in its diverse revenue streams.
- Wall Street forecasts suggest a 36.80% upside potential for Amazon, with price targets averaging $250.68.
- Analysts rate Amazon as an "Outperform," reflecting confidence in the company's future prospects.
Amid growing market optimism, Amazon (AMZN) is making headlines with a significant stock rally as investors eagerly await its upcoming Q1 earnings report. Despite a previous 30% decline in share price, the company's robust growth in sectors like AWS and advertising services is capturing attention, positioning it ahead of other retail giants.
Wall Street Analysts Forecast
According to projections from 66 analysts, Amazon.com Inc (AMZN, Financial) has an average one-year price target of $250.68. This includes optimistic projections reaching a high of $295.46 and conservative estimates at a low of $195.00. These targets represent a potential upside of 36.80% from its current trading price of $183.25. For more comprehensive data, visit the Amazon.com Inc (AMZN) Forecast page.
The consensus among 72 brokerage firms ranks Amazon.com Inc's (AMZN, Financial) stock with an average brokerage recommendation of 1.8, which falls under the "Outperform" category. This rating, based on a scale from 1 (Strong Buy) to 5 (Sell), highlights the prevalent positive sentiment surrounding Amazon's prospects.
GuruFocus estimates indicate that the GF Value for Amazon.com Inc (AMZN, Financial) in a year is $183.63, suggesting a slight upside of 0.21% from the current price of $183.25. The GF Value metric — GuruFocus' interpretation of the stock's fair trade value — takes into account historical multiples, past business growth, and projected business performance. For an in-depth analysis, visit the Amazon.com Inc (AMZN) Summary page.
