Tigress Financial has maintained its "Buy" rating for Amazon.com (AMZN, Financial) while raising its price target from $290 to $305. This adjustment represents a 5.17% increase from the previous target, reflecting positive sentiment around Amazon's market position and future prospects.
Analyst Ivan Feinseth from Tigress Financial continues to show confidence in Amazon's performance with this maintained rating and adjusted price target. The new price target of $305 sets a positive outlook for the stock in the upcoming market cycles.
The decision to maintain the "Buy" rating alongside the raised price target suggests an optimistic expectation regarding Amazon's strategic initiatives and potential for growth in the competitive retail and cloud services sectors. Investors may take these findings into consideration when evaluating their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 67 analysts, the average target price for Amazon.com Inc (AMZN, Financial) is $241.58 with a high estimate of $295.46 and a low estimate of $195.00. The average target implies an upside of 29.58% from the current price of $186.44. More detailed estimate data can be found on the Amazon.com Inc (AMZN) Forecast page.
Based on the consensus recommendation from 73 brokerage firms, Amazon.com Inc's (AMZN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amazon.com Inc (AMZN, Financial) in one year is $184.94, suggesting a downside of 0.8% from the current price of $186.435. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amazon.com Inc (AMZN) Summary page.
