Key Takeaways:
- Amazon's conservative second-quarter outlook has led to a share price dip.
- Analyst forecasts suggest a potential upside of nearly 29% from the current price.
- Current brokerage recommendations and GF Value estimates provide mixed signals for investors.
Amazon.com Inc. (NASDAQ: AMZN) is at the forefront of investor discussions following a recent decline in share prices due to a conservative outlook for the upcoming quarter. As we approach April 30, the question on many investors' minds is whether this presents a strategic entry point, particularly with Amazon's earnings release on the horizon.
Analyst Price Forecasts
The evaluation from 67 market analysts sets the average price target for Amazon at $245.94 within a year. This prediction suggests a significant potential upside of 29.31% from its current trading price of $190.20. Analysts' high and low estimates vary, with a top expectation of $295.46 and a bottom forecast of $195.00 respectively. Investors can delve deeper into these projections on the Amazon.com Inc (AMZN, Financial) Forecast page.
Brokerage Recommendations
Amazon.com Inc. currently holds an "Outperform" status from 73 brokerage firms, with an average recommendation rating of 1.8 on a 1 to 5 scale (1 being Strong Buy and 5 being Sell). This strong endorsement reflects continued confidence among analysts, reinforcing the notion of potential growth.
GuruFocus Value Estimation
According to the GF Value analysis by GuruFocus, Amazon's expected value in one year is projected at $184.80. This estimate indicates a slight downside of 2.84% from its current price of $190.20. The GF Value is derived from historical trading multiples alongside expected future business performance. For further insights, investors are encouraged to explore the Amazon.com Inc (AMZN, Financial) Summary page.
