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 Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com (2024))
FAQs
Amazon (AMZN) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com? ›
Average Price Target
What are analysts saying about AMZN? ›Analyst Price Targets
Based on analysts offering 12 month price targets for AMZN in the last 3 months. The average price target is $213.74 with a high estimate of $235 and a low estimate of $200.
Consensus projections see Amazon's posting adjusted earnings of $4.19 per share for the December 2024 fiscal year, according to FactSet. That would mark a 44% increase from 2023. Amazon's earnings climbed to $2.90 per share for fiscal year 2023, compared to a loss of 27 cents per share in 2022.
What is Amazon's target price in 2024? ›| Date | Analyst Firm | Price Target |
|---|---|---|
| 4/11/2024 | Moffett Nathanson | $228.00 |
| 4/10/2024 | Wedbush | $220.00 |
| 4/1/2024 | Wells Fargo & Company | $211.00 ➝ $217.00 |
| 3/27/2024 | Telsey Advisory Group | $200.00 |
Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 98 buy ratings, 2 hold ratings, and 0 sell ratings.
Is Amazon a good or bad stock? ›Key Points. Amazon's annual revenue and operating income have more than doubled over the last five years. The company will likely profit from the tailwinds of e-commerce and the cloud market for years. Earnings per share estimates indicate a 66% upside for Amazon's shares over the next two years.
Is Amazon a high risk stock? ›That said, the stock is more than a little risky at recent prices. Shares of Amazon have been trading for more than 41x forward-looking earnings expectations. If earnings don't shoot more than 10% higher in 2024, investors who buy Amazon at its presently high valuation could suffer heavy losses.
Is Amazon a good stock to hold forever? ›Here's the bottom line: Amazon is an excellent stock to cash in on the rise of AI, e-commerce growth, and cloud computing. Long-term investors shouldn't go wrong with this robust, versatile business.
Is Amazon a good buy for the future? ›Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024. Investors should take the time to consider AMZN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
What is the fair value of Amazon stock? ›As of 2024-04-29, the Fair Value of Amazon.com Inc (AMZN) is 73.16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 179.62 USD, the upside of Amazon.com Inc is -59.3%.
Is Amazon stock good to buy in 2024? ›
Guidance & Estimates
For first-quarter 2024, Amazon expects net sales between $138 billion and $143.5 billion. Net sales are expected to grow 8-13% from the year-ago quarter's reported figure. Management projects a favorable foreign exchange impact of 40 bps.
Amazon stock (NASDAQ:AMZN) stock remains one of the top tech stocks to buy in 2024. The company remains a leader in the technology and retail landscape, and has a number of tailwinds to drive growth in the 2024 fiscal year.
Is Amazon stock a buy 2024? ›Shares of Amazon have been trading for more than 41x forward-looking earnings expectations. If earnings don't shoot more than 10% higher in 2024, investors who buy Amazon at its presently high valuation could suffer heavy losses. The stock looks like a buy, but only for investors with a high tolerance for risk.
Who owns the most shares of Amazon? ›Jeffrey Bezos owns the most shares of Amazon (AMZN). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.
What is Amazon stock prediction 2025? ›Amazon Stock Prediction 2025
The Amazon stock prediction for 2025 is currently $ 230.98, assuming that Amazon shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 28.45% increase in the AMZN stock price.
If we apply the S&P 500's average price-to-earnings ratio (P/E) of 27 to this $70 billion in earnings, Amazon's stock would have a market cap of $1.89 trillion in 2025. This is slightly higher than the current $1.77 trillion valuation.
Are Amazon earnings expected to be good? ›Amazon on Tuesday said it expects second-quarter operating income of between $10 billion and $14 billion, which would be better than its figures in the second quarter of 2023.
Is Amazon expected to report good earnings? ›For the second quarter, Amazon said it expects revenue of $144 billion to $149 billion, representing growth of 7% to 11%. Analysts were expecting growth of 12% to $150.1 billion, according to LSEG. Amazon expects a continued jump in profitability for the second quarter but at a more measured pace.
Is Amazon financially strong? ›Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024. Investors should take the time to consider AMZN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
