Key Takeaways:
- Amazon (AMZN, Financial) is strategically cutting approximately 100 jobs in its Devices and Services division.
- Analysts maintain an average price target of $240.24 for Amazon, suggesting a potential 14.26% upside.
- The stock currently holds an "Outperform" consensus rating from brokerage firms.
Amazon's Strategic Workforce Adjustment
Amid its continuous efforts to streamline operations, Amazon (AMZN) recently announced the reduction of around 100 positions within its Devices and Services sector. This decision aligns with the company's routine workforce assessment and a broader cost-reduction strategy. Notably, these adjustments coincide with recent enhancements to Alexa's AI capabilities. Following the announcement, Amazon's stock experienced a slight decline of 0.62% in after-hours trading.
Analysts' Price Targets and Recommendations
With insights from 67 financial experts, the average one-year price target for Amazon.com Inc (AMZN, Financial) stands at $240.24. This forecast includes a high estimate of $305.00 and a low estimate of $195.00. The average target price indicates a potential upside of 14.26% from the current trading price of $210.25. Investors can explore more detailed projections on the Amazon.com Inc (AMZN) Forecast page.
The average brokerage recommendation for Amazon.com Inc (AMZN, Financial), according to 73 firms, is 1.8, signifying an "Outperform" status. This scale ranges from 1, which represents a Strong Buy, to 5, denoting a Sell.
Assessing Amazon's GF Value
According to GuruFocus estimates, Amazon.com Inc's (AMZN, Financial) GF Value, or the estimated fair value of the stock, in one year is projected to be $187.88. This suggests a potential downside of 10.64% compared to the current price of $210.25. The GF Value is determined by examining the historical trading multiples of the stock, past business growth, and future business performance estimates. For further insights, visit the Amazon.com Inc (AMZN) Summary page.
