Summary:
- Amazon (AMZN, Financial) exceeded Q1 earnings expectations, yet shares dipped following cautious Q2 operating income guidance.
- Analysts maintain an average target price of $244.34, suggesting a substantial upside potential.
- Current "Outperform" rating reflects confidence in Amazon's future growth trajectory.
Amazon.com Inc. (AMZN) recently reported its first-quarter earnings, showcasing an impressive performance with an earnings per share (EPS) of $1.59 and revenues reaching $155.7 billion. Despite this robust performance, the stock experienced a decline of more than 4%. The drop is attributed to Amazon's guidance for Q2 operating income, which is projected between $13 billion and $17.5 billion, falling short of analysts' expectations of $17.8 billion.
Wall Street Analysts Forecast
According to the latest insights from 67 analysts, the one-year price target for Amazon.com Inc. (AMZN, Financial) averages at $244.34. This estimate encompasses a high of $295.46 and a low of $195.00. The average target implies a notable upside of 28.47% from the current stock price of $190.20. For further detailed estimates, please visit the Amazon.com Inc. (AMZN) Forecast page.
The consensus among 73 brokerage firms places Amazon.com Inc. (AMZN, Financial) at an average recommendation of 1.8, which falls under the "Outperform" category. This rating utilizes a scale where 1 represents a Strong Buy and 5 signifies a Sell, indicating a strong consensus for future outperformance.
GF Value Estimate
The estimated GF Value for Amazon.com Inc. (AMZN, Financial) over the next year is projected at $184.80. This suggests a potential downside of 2.84% from its current market price of $190.20. The GF Value metric, a proprietary measure by GuruFocus, gauges the fair trading value of the stock, derived from historical trading multiples, past business growth, and future performance projections. For a comprehensive overview, visit the Amazon.com Inc. (AMZN) Summary page.
