Amazon.com Inc Stock Forecast:
According to 40 analysts’ predictions, the expected target price for Amazon stock in the next year is $140.23 on average. Analysts rate Amazon a “Strong Buy” on average, while Stock Target Advisor’s analysis is “Slightly Bullish” based on 6 positive and 4 negative indicators. The last closing price for Amazon was $102.24, and the stock has risen by 5.13% in the past week, 21.45% in the past month, but decreased by 28.99% in the last year.
Amazon.com News:
Amazon (AMZN:NSD) is hosting a conference call on Feb 2, 2023 to present its Q4 2022 financial results. The call will start at 2:30 PM Pacific Time or 5:30 PM Eastern Time and can be watched live online. The audio and slides will remain accessible for 3 months on Amazon’s investor relations website.
Analysts Coverage Change:
Barclays maintains the Overweight rating for Amazon.com and lowers the price target to $130 from $140 on the company’s stock.
Credit Suisse Group raise the price target on Amazon.com to $171 from $142 and maintains the company’s Outperform rating.
Positive Fundamentals:
Amazon.com stock is attractive due to its high market capitalization, which puts it among the top quartile and makes it a more stable entity in its sector. The company management has also shown superior performance in return on equity and capital utilization, placing it in the top quartile in both categories in the last 4 quarters. Additionally, the company has had positive total cash flow and free cash flow in the last 4 quarters, and has shown top quartile earnings growth over the past 5 years compared to its sector.
Negative Fundamentals:
The Amazon stock is considered overpriced compared to its earnings, book value, cash flow, and free cash flow compared to its peers in the sector. The stock is priced above the median for its sector and is trading higher than its peers on a price to earnings, book value, cash flow, and free cash flow basis.
