Amazon's Q1 Earnings Outperform Expectations, Analysts Boost Price Target

Citi analyst Ronald Josey reiterated a Buy rating on Amazon with a price target of $265.00. The company's shares closed at $229.30. Josey has a 25.8% average return and a 63.71% success rate on recommended stocks. The Street consensus rating is Strong Buy with an average price target of $255.98, representing an 11.64% upside. HSBC also maintained a Buy rating with a $256.00 price target.

Title: Analysts Raise Price Targets for Amazon, Meta Platforms

Citi Analyst Reiterates Buy Rating on Amazon

Citi analyst Ronald Josey reiterated a Buy rating on Amazon (NASDAQ: AMZN) with a price target of $265.00. The company's shares closed at $229.30 on July 1, 2025. Josey has an impressive track record with a 25.8% average return and a 63.71% success rate on recommended stocks [2].

The Street consensus rating on Amazon is Strong Buy, with an average price target of $255.98, representing an 11.64% upside. HSBC also maintained a Buy rating with a $256.00 price target [1].

Needham Raises Price Target for Amazon

Needham, another prominent analyst firm, raised its price target on Amazon to $265.00 from $220.00, while maintaining a Buy rating. The firm cited Amazon's solid performance with 10.08% revenue growth over the last twelve months and its strong financial health, as indicated by its GREAT overall score. Needham emphasized the importance of employee quality as a key asset, linking it to financial performance metrics [1].

Analysts Optimistic About Amazon's Future

Analysts are optimistic about Amazon's future, particularly in the cloud computing sector. Citi projects that Amazon will exceed consensus expectations for both revenue and operating income in its second-quarter financial results, driven by growth in Amazon Web Services (AWS) [1]. Despite a slowdown in Prime Day growth, JMP Securities maintained its $285 price target, highlighting the importance of AWS and advertising growth due to their higher margins.

Meta Platforms: Strong Buy Rating

In another significant development, Ronald Josey from Citi reiterated a Buy rating on Meta Platforms (META), with a price target of $803.00. The company's shares closed at $720.92 on July 1, 2025. The analyst consensus on Meta Platforms is a Strong Buy with an average price target of $735.21, representing a 1.98% upside from current levels [2].

Recent Earnings and Insider Activity

Based on the latest earnings release, Meta Platforms reported a quarterly revenue of $42.31 billion and a net profit of $16.64 billion. This represents a significant increase from last year's revenue of $36.46 billion and net profit of $12.37 billion. Additionally, corporate insider sentiment is positive, with an increase in insiders buying their shares of META over the past quarter [2].

Conclusion

Both Amazon and Meta Platforms have received positive analyst ratings, with price targets reflecting strong growth prospects. Analysts highlight the importance of employee quality and the potential of cloud computing and advertising growth for these companies. Investors should closely monitor these developments as they provide valuable insights into the financial health and future performance of these tech giants.

References

[1] https://www.investing.com/news/analyst-ratings/amazon-stock-price-target-raised-to-265-from-220-at-needham-93CH-4145398
[2] https://www.theglobeandmail.com/investing/markets/stocks/META/pressreleases/33432408/citi-sticks-to-their-buy-rating-for-meta-platforms-meta/