- Amazon remains optimistic about data center demand despite external analyst concerns.
- Analysts predict a significant upside for AMZN shares within the next year.
- GuruFocus metrics indicate a slight potential downside based on GF Value estimates.
Amazon (AMZN, Financial) executives are confidently dismissing concerns about diminishing demand for their crucial data centers, fundamental for artificial intelligence operations. This comes in response to a recent note by Wells Fargo, which mentioned a pause in leasing. However, Amazon's Kevin Miller has clarified that this situation is merely a part of their routine capacity management, asserting there is no deviation from their expansion plans.
Wall Street's Analyst Forecast for Amazon
According to detailed analysis from 67 experts, Amazon.com Inc (AMZN, Financial) has a projected average price target of $248.17 within the next year. This estimate presents a high forecast of $295.46 and a low forecast of $195.00, suggesting a notable 33.33% upside potential from the current trading price of $186.13. For additional insights and detailed estimates, you can explore the Amazon.com Inc (AMZN) Forecast page.
The consensus from 73 brokerage firms reinforces a favorable outlook, assigning Amazon.com Inc (AMZN, Financial) an average brokerage recommendation of 1.8, which translates to an "Outperform" status. This rating is scaled from 1 to 5, with 1 indicating a Strong Buy and 5 advising Sell.
From the perspective of GuruFocus evaluations, the GF Value of Amazon.com Inc (AMZN, Financial) in the coming year is estimated at $183.63, reflecting a slight 1.34% downside relative to the current stock price of $186.13. The GF Value is a calculated assessment of what the stock's trading value should be, considering its historical trading multipliers, past business growth, and future performance forecasts. Further detailed data is available on the Amazon.com Inc (AMZN) Summary page.
