Summary:
- Amazon's AWS re:Inforce conference unveils new security features.
- Analyst forecasts suggest a potential upside for Amazon's stock.
- GF Value estimates hint at a possible overvaluation of Amazon shares.
Amazon (AMZN, Financial) recently unveiled a suite of new security solutions at its prestigious AWS re:Inforce conference, aiming to bolster enterprise data protection and threat management capabilities. Key announcements included the rollout of IAM Internal Access Findings and significant enhancements to AWS Network Firewall and GuardDuty.
Wall Street Analysts' Outlook
Analysts offer promising projections for Amazon.com Inc (AMZN, Financial), with price targets from 67 analysts revealing an average forecast of $241.52. Expectations range from a high of $305.00 to a low of $195.00, suggesting an upside of 11.52% from the current trading price of $216.57. For in-depth price target insights, visit the Amazon.com Inc (AMZN) Forecast page.
The consensus from 73 brokerage firms rates Amazon.com Inc (AMZN, Financial) at an average of 1.8, indicating an "Outperform" recommendation. This rating is part of a broader scale from 1 (Strong Buy) to 5 (Sell).
GuruFocus Valuation Insights
According to GuruFocus estimates, the GF Value for Amazon.com Inc (AMZN, Financial) in the upcoming year stands at $187.85. This suggests a potential downside of 13.26% relative to the current price of $216.57. The GF Value metric provides an estimate of the stock's fair trading value, considering historical trading multiples, past business growth, and future performance projections. For further detailed analysis, please explore the Amazon.com Inc (AMZN) Summary page.
