Key Highlights:
- Amazon (AMZN, Financial) implements strategic layoffs in its books division.
- Wall Street analysts forecast a significant potential upside for Amazon stock.
- GuruFocus estimates suggest a potential downside based on GF Value.
Amazon (AMZN) has recently reduced its workforce by less than 100 employees within its books division. This move affects roles at the Goodreads platform and Kindle units. The layoffs are part of a strategic initiative to boost efficiency and align the company's operations more closely with its overarching business objectives, as recent media reports indicate.
Wall Street Analysts Forecast
According to projections from 67 analysts, the average one-year price target for Amazon.com Inc (AMZN, Financial) stands at $240.81. This includes a high estimate of $305.00 and a low estimate of $195.00. The average target suggests a potential upside of 15.82% from the current share price of $207.91. For more nuanced data and estimates, investors can visit the Amazon.com Inc (AMZN) Forecast page.
Brokerage Firm Recommendations
The consensus recommendation from 73 brokerage firms places Amazon.com Inc (AMZN, Financial) with an average brokerage recommendation of 1.8, categorizing the stock as "Outperform". The rating system ranges from 1 to 5, with 1 indicating a Strong Buy and 5 suggesting a Sell.
GuruFocus Valuation
GuruFocus estimates indicate that the GF Value for Amazon.com Inc (AMZN, Financial) over the next year is $187.83—pointing to a potential downside of 9.66% from the current price of $207.91. The GF Value is GuruFocus's calculation of what the stock's fair market value should be, based on historical trading multiples, past business growth, and future projected performance. For comprehensive data, please refer to the Amazon.com Inc (AMZN) Summary page.
