- Amazon's stock rises amid new investment by Pershing Square Holdings
- Wall Street analysts indicate potential upside for Amazon's stock
- GuruFocus suggests a potential downside based on GF Value estimates
Amazon.com Inc (AMZN, Financial) experienced a 1.6% increase in its stock price following the revelation of a new stake by Pershing Square Holdings. The investment firm underscored Amazon's significant strategic value, especially highlighting the strengths of Amazon Web Services (AWS). Despite the broader macroeconomic challenges, the firm expressed confidence in CEO Andy Jassy's leadership. Notably, Amazon's shares have surged nearly 20% over the past six weeks.
Wall Street Analysts Forecast
According to price targets from 67 financial analysts, the average forecast for Amazon.com Inc (AMZN, Financial) over the next year stands at $240.54. This includes a high estimate of $305.00 and a low of $195.00. The average target suggests a potential upside of 17.95% from its current price of $203.94. More comprehensive forecast data is available on the Amazon.com Inc (AMZN) Forecast page.
When considering the insights of 73 brokerage firms, Amazon's average brokerage recommendation falls at 1.8, which signals an "Outperform" stance. The recommendation scale ranges from 1 to 5, where 1 is a Strong Buy, and 5 is a Sell.
GuruFocus estimates project that the GF Value for Amazon.com Inc (AMZN, Financial) over the next year is $186.42. This estimation indicates a potential downside of 8.59% from the current trading price of $203.94. The GF Value is derived from the historical trading multiples of the stock, its past business growth, and anticipated future performance. Detailed data can be accessed on the Amazon.com Inc (AMZN) Summary page.
