Based on analysts' expectations, Amazon.com (AMZN) is likely to be priced at approximately $127.12 by the end of this month. This estimate is lower than the current stock price of $176.25 as of September 3, 2024, indicating a potential decline in price according to analyst projections1.AMZN Average Price Target, Estimate EPSAverage Price TargetEstimate EPS

1. Analyst Price Targets Below Current Price: The average price target for Amazon is $127.12, which is significantly lower than the current price of $176.25. This suggests that analysts expect the stock price to decline from its current level.
2. Potential for Price Correction: The discrepancy between the current price and the estimated price target indicates a potential for a price correction in the near term. This could be due to various factors such as market conditions, earnings reports, or broader economic factors.
3. Analyst Sentiment as Indicator: Analyst price targets are often used as an indicator of sentiment, and a lower target suggests that analysts may have concerns about the company's short-term prospects. However, it's important to consider that price targets are based on projections and can be influenced by a range of assumptions and uncertainties.