- Amazon cuts EC2 instance prices by up to 45% with Nvidia GPU integration.
- Wall Street sets Amazon's average price target at $240.81, indicating a potential 14.15% upside.
- GuruFocus estimates a possible 10.96% downside based on GF Value metrics.
Amazon (AMZN, Financial) has strategically reduced prices by up to 45% on its EC2 instances, which are powered by Nvidia (NVDA) GPU acceleration. This significant price cut encompasses both P4 and P5 instance types, applied to On-Demand and Savings Plan acquisitions. These changes commenced in June and affect all geographical regions where these instances are available.
Wall Street Analysts Forecast
According to insights from 67 analysts, Amazon.com Inc (AMZN, Financial) is projected to reach an average price target of $240.81 within one year. Analysts' estimates range from a high of $305.00 to a low of $195.00. This average target suggests a potential upside of 14.15% from its current price of $210.95. For a more comprehensive breakdown, visit the Amazon.com Inc (AMZN) Forecast page.
Among 73 brokerage firms, the consensus recommendation for Amazon.com Inc (AMZN, Financial) stands at 1.8, indicating an "Outperform" rating. This rating falls on a scale where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus's estimations suggest that the GF Value for Amazon.com Inc (AMZN, Financial) over the next year is $187.83, which points to a potential downside of 10.96% from the current price of $210.95. The GF Value is derived from the stock's historical trading multiples, past business growth, and anticipated future performance metrics. Explore more detailed insights on the Amazon.com Inc (AMZN) Summary page.
