Key Highlights:
- Amazon's Project Kuiper launches kick-start a global satellite internet venture.
- Analysts predict a significant upside potential for Amazon's stock.
- GuruFocus's GF Value suggests a slight downside, offering a cautious note for investors.
Amazon (AMZN, Financial) is preparing for a pivotal moment in its ambitious Project Kuiper, scheduled to launch 27 satellites on April 9. This deployment, facilitated by United Launch Alliance's Atlas V rocket, is the initial step in Amazon's plan to create a 3,200-satellite constellation. The goal is to deliver high-speed, low-latency internet access globally, with customer service expected to commence later this year. Amazon is entering a competitive arena, with SpaceX's Starlink already operating over 7,000 satellites.
Wall Street Analysts' Predictions
Wall Street analysts have offered their insights on Amazon.com Inc (AMZN, Financial) with one-year price targets from 67 professionals. The average target price stands at $265.40, suggesting a potential upside of 35.00% from the current stock price of $196.60. Analysts have set a high estimate of $306.00 and a low of $203.00. For more exhaustive estimates and analysis, visit the Amazon.com Inc (AMZN) Forecast page.
Brokerage Recommendations
The consensus recommendation from 72 brokerage firms currently positions Amazon.com Inc's (AMZN, Financial) stock at an average recommendation of 1.8, indicating an "Outperform" status. This rating scale spans from 1 to 5, where 1 equates to a Strong Buy and 5 indicates a Sell recommendation, offering investors a positive, though not unanimous, buy signal.
Evaluating GF Value
According to estimates from GuruFocus, the estimated GF Value for Amazon.com Inc (AMZN, Financial) in the upcoming year is $184.96, suggesting a potential downside of 5.92% from the stock's current price of $196.60. The GF Value metric is GuruFocus's estimate of a stock's intrinsic value, derived from historical trading multiples, past business growth, and future performance projections. For a deeper dive into this analysis, investors can explore the Amazon.com Inc (AMZN) Summary page.
