- Amazon Web Services (AWS) to invest $4 billion in South Korea's largest AI data center project.
- Analysts foresee a significant upside for Amazon with a projected average stock price target of $241.82.
- Amazon’s GF Value signals a potential downside, estimating the stock value at $187.85 in a year.
Amazon Web Services (AWS) is gearing up to invest $4 billion in an ambitious data center project spearheaded by South Korea's SK Group. Set to be located in Ulsan, this project aims to establish the nation's largest AI data center, with plans to reach full operational status by 2029, boasting a robust 100-megawatt capacity.
Wall Street Analysts Forecast
In the realm of stock performance predictions for Amazon.com Inc (AMZN, Financial), 67 well-regarded analysts have provided their one-year price targets. The average target price stands at $241.82, with a noteworthy high estimate of $305.00 and a more conservative low of $195.00. This average target suggests a promising upside potential of 13.79% from Amazon's current trading price of $212.52. For more in-depth estimation details, visit the Amazon.com Inc (AMZN) Forecast page.
Moreover, a consensus gathered from 73 brokerage firms currently rates Amazon.com Inc (AMZN, Financial) at 1.8 on the brokerage recommendation scale, indicating an "Outperform" status. This scale ranges from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell recommendation.
From the perspective of GuruFocus metrics, the projected GF Value for Amazon.com Inc (AMZN, Financial) over the next year is estimated at $187.85. This points to a potential downside of 11.61% relative to the present price of $212.52. The GF Value, a proprietary metric of GuruFocus, provides a fair value estimate based on historical trading multiples, past business growth, and anticipated future business performance. For more exhaustive data, please visit the Amazon.com Inc (AMZN) Summary page.
