Amazon (AMZN) stock has been given a positive rating by TipRanks' A.I. Analyst, with an Outperform rating and a price target of $257, implying a 15% upside from current levels. The A.I. score reflects Amazon's solid financial performance and encouraging Q2 earnings. Despite some cautionary technical indicators and valuation measures, Wall Street analysts remain bullish on the stock, with a Strong Buy consensus rating and an average price target of $264.21, implying an 18.6% upside from current levels.
Amazon (AMZN) stock has been receiving a strong buy rating from analysts, with a consensus rating of 44 strong buy, 43 buy, 0 hold, and 0 sell ratings [1]. The average price target for AMZN over the past three months is $264.21, indicating an 18.6% upside from the current price of $213.75. This bullish sentiment is driven by robust financial performance and encouraging Q2 earnings.
TipRanks' A.I. Analyst has also given AMZN an outperform rating with a price target of $257, implying a 15% upside. The A.I. score reflects Amazon's solid financial performance and encouraging Q2 earnings, despite some cautionary technical indicators and valuation measures. The analysts' positive outlook is further reinforced by the company's innovation and market leadership position.
Among the top analysts, Bank of America Securities, Telsey Advisory, Citi, and J.P. Morgan have reiterated their strong buy ratings, with price targets ranging from $255 to $280. These analysts highlight Amazon's strategic AI advancements, partnerships, and strong financial performance as key drivers for growth.
In addition to the strong buy ratings, the analysts' average price target of $264.21 suggests a significant upside potential. This consensus target represents a 23.61% change from the last price of $213.75, with a high forecast of $300.00 and a low forecast of $235.00.
While there is a strong consensus among analysts, it is essential for investors to consider their risk tolerance and investment goals before making any trading decisions. The stock's valuation and technical indicators should also be carefully evaluated to determine if it aligns with your investment strategy.
References:
[1] https://www.tipranks.com/stocks/amzn/forecast
Comments
No comments yet