Amazon: 24 Analysts Update Forecasts on Earnings Beat

• Truist Financial: Upgraded Amazon to “Buy,” setting a target price of $270, reflecting confidence in the company’s ability to sustain strong growth.
• Benchmark: Also rated Amazon as “Buy” with a target of $215, indicating a positive outlook based on the recent earnings report.
• JPMorgan Chase & Co.: Upgraded Amazon to “Overweight” with a target of $250, suggesting that the stock is expected to outperform its peers.
• Jefferies Financial Group: Maintained a “Buy” rating with a target of $235, reflecting optimism about Amazon’s retail performance and future prospects.
• Robert W. Baird: Upgraded to “Outperform” with a target of $220, indicating confidence in the company’s potential for growth.
• Susquehanna: Rated Amazon as “Positive,” setting a target of $230, aligning with the general bullish sentiment among analysts.
• BMO Capital Markets: Upgraded to “Outperform” with a target of $236, highlighting the company’s robust performance and promising outlook.
• TD Cowen: Maintained a “Buy” rating with a target of $240, suggesting that the stock remains a favorable investment.
• Piper Sandler: Upgraded to “Overweight,” targeting $225, reflecting optimism about Amazon’s growth strategies.
• Telsey Advisory Group: Rated Amazon as “Outperform” with a target of $235, indicating expectations of continued strong performance.
• Rosenblatt Securities: Upgraded to “Buy” with a target of $236, suggesting confidence in the stock’s potential upside.
• Needham & Company LLC: Maintained a “Buy” rating with a target of $210, showing steady confidence despite a lower target compared to other firms.
• Evercore ISI: Rated Amazon as “Outperform,” with a target of $260, reflecting a strong belief in the company’s growth potential.
• Bank of America: Upgraded to “Buy,” targeting $230, suggesting a favorable view on Amazon’s near-term performance.
• Goldman Sachs: Rated Amazon as “Buy” with a target of $240, highlighting expectations for positive stock movement.
• Stifel Nicolaus: Upgraded to “Buy,” targeting $245, indicating strong belief in the company’s capabilities.
• Monness Crespi & Hardt: Also rated “Buy” with a target of $245, reflecting confidence in Amazon’s growth trajectory.
• JMP Securities: Rated as “Market Outperform,” with a target of $285, suggesting a particularly bullish outlook on the stock.
• Oppenheimer: Upgraded to “Outperform,” targeting $230, reflecting a positive view on Amazon’s prospects.
• Maxim Group: Rated Amazon as “Buy,” with a target of $260, indicating optimism about future performance.
• Deutsche Bank: Upgraded to “Buy,” setting a target of $232, reflecting confidence in the company’s fundamentals.
• Sanford C. Bernstein: Rated Amazon as “Outperform” with a target of $235, suggesting strong growth potential.
• Wedbush: Upgraded to “Outperform,” targeting $250, reflecting a favorable outlook based on recent developments.
• Royal Bank of Canada: Rated as “Outperform,” with a target of $225, indicating confidence in Amazon’s continued performance.

Stock Forecast & Analysis

Based on the forecasts provided by 42 analysts, the average target price for Amazon.com Inc. is set at $225.16 over the next 12 months. This projection reflects a generally positive outlook for the company, indicating potential upside from its current trading levels. The consensus among analysts regarding Amazon’s stock is characterized as a “Strong Buy,” underscoring widespread confidence in the company’s growth potential.

Stock Target Advisor’s analysis further reinforces this optimistic perspective, categorizing Amazon’s outlook as “Slightly Bullish.” This assessment is derived from a combination of 9 positive signals—which may include factors such as strong earnings growth, positive market sentiment, and robust retail performance—and 5 negative signals, which could reflect challenges such as competitive pressures or market volatility.

As of the last closing, Amazon’s stock price was $192.73. This indicates that the stock is currently trading below the average analyst target, suggesting potential for appreciation in the near term. In terms of recent performance, Amazon’s stock has shown notable movements: it has increased by 4.34% over the past week and 3.43% over the past month, signaling a positive short-term trend.

Outlook

In summary, the analysis of Amazon.com Inc. highlights a generally optimistic outlook from analysts, with a strong buy rating and a target price suggesting potential for growth. Despite recent gains, the long-term performance will depend on the company’s ability to navigate market challenges and capitalize on growth opportunities.