- Amazon's Zoox is advancing its autonomous vehicle testing, setting the stage for potential transformation in urban transportation.
- Analysts project a significant upside for Amazon's stock, with a variety of price targets reflecting diverse market opinions.
- GuruFocus metrics provide a comprehensive view of Amazon's estimated value, offering insights into potential investment strategies.
Amazon (AMZN, Financial) is spearheading innovation through its subsidiary, Zoox, which is preparing to launch trials of its autonomous Toyota Highlander SUVs in Atlanta. Initially, these vehicles will include a safety driver onboard, with a long-term goal of evolving into fully autonomous robotaxis. Zoox has already deployed test fleets in major cities such as San Francisco and Las Vegas, where public rides are anticipated to begin soon.
Wall Street Analysts Forecast
According to insights from 67 analysts, the average one-year price target for Amazon.com Inc (AMZN, Financial) stands at $240.54. This projection features a high estimate of $305.00 and a low of $195.00, indicating an average potential profit of 17.80% from the current stock price of $204.19. For a deeper dive into these predictions, visit the Amazon.com Inc (AMZN) Forecast page.
Aggregating views from 73 brokerage firms, Amazon is rated 1.8 on average, denoting an "Outperform" status. This rating falls within a scale from 1 to 5, where 1 suggests a Strong Buy, and 5 indicates a Sell recommendation.
Examining GuruFocus estimates, the projected GF Value for Amazon.com Inc over the next year is $186.42, suggesting a potential downside of 8.7% from its current valuation of $204.185. The GF Value is calculated by analyzing historical trading multiples, previous business growth, and future business performance forecasts. Comprehensive data is available on the Amazon.com Inc (AMZN, Financial) Summary page.
