- Amazon's stock has seen a notable decrease in short interest, now at 0.69% of its float.
- Analysts forecast a potential 17.36% upside with a one-year average target price of $240.54.
- Despite cautious company guidance, Amazon maintains a consensus "Outperform" status from brokerage firms.
Amazon (AMZN, Financial) has encountered a challenging year, with a 7% reduction in shorted shares signaling a shift in investor sentiment. As of April, the short interest has been reduced to 65.74 million shares, or 0.69% of its float. Concurrently, the stock has dropped 6.5% this year, underperforming the broader market amid the company's cautious guidance.
Analysts' Price Targets and Forecast
Given the insights from 67 analysts, the projected one-year price targets for Amazon.com Inc (AMZN, Financial) suggest an average of $240.54. This forecast includes a high estimate of $305.00 and a low estimate of $195.00. This establishes an anticipated upside of 17.36% from the current trading price of $204.96. Detailed estimates can be accessed on the Amazon.com Inc (AMZN) Forecast page.
Brokerage Recommendations and GF Value
The average brokerage recommendation for Amazon.com Inc (AMZN, Financial) stands at 1.8, which aligns with an "Outperform" rating. This consensus, derived from 73 brokerage firms, reflects a rating scale where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the projected GF Value for Amazon in one year is $187.88. This prediction implies a potential downside of 8.33% from the current price level of $204.96. The GF Value is an exclusive metric estimating the fair trading value of the stock, calculated using historical multiples, past business growth, and future performance estimations. For more comprehensive data, visit the Amazon.com Inc (AMZN, Financial) Summary page.
