- Amazon's AI hardware advancements with Graviton4 and Trainium3 could strengthen its competitive edge against Nvidia.
- Analysts forecast an average price target of $241.82 for Amazon, implying a 12.22% upside potential.
- GuruFocus estimates a downward trend with a GF Value of $187.85, indicating a potential 12.83% downside.
Amazon Web Services (AMZN, Financial) is making significant strides in artificial intelligence with the introduction of its new Graviton4 and Trainium3 chips. These technological enhancements are designed to provide superior network bandwidth and energy efficiency, potentially strengthening Amazon's competitive stance against Nvidia, a leader in AI hardware.
Wall Street Analysts Forecast
Wall Street analysts have projected a one-year price target for Amazon.com Inc. (AMZN, Financial). Among 67 analysts, the average target price stands at $241.82, with a high projection of $305.00 and a low of $195.00. This average target suggests a potential upside of 12.22% from the current trading price of $215.49. Visit the Amazon.com Inc (AMZN) Forecast page for a detailed breakdown of these estimates.
Additionally, based on insights from 73 brokerage firms, Amazon holds an average brokerage recommendation of 1.8, translating to an "Outperform" status. This rating uses a scale from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus GF Value Estimation
According to GuruFocus metrics, Amazon.com's (AMZN, Financial) estimated GF Value in a year's time is projected to be $187.85, suggesting a potential downside of 12.83% from its current price of $215.49. The GF Value reflects GuruFocus' assessment of the stock's fair value, calculated from historical trading multiples and anticipated business performance. For more in-depth data, refer to the Amazon.com Inc (AMZN) Summary page.
