- The Trump administration is diversifying its Golden Dome missile defense partnerships, considering Amazon and other commercial entities.
- Amazon's Project Kuiper is a key contender for this satellite-based defense initiative.
- Analysts show optimistic price targets for Amazon, with a consensus rating of "Outperform."
The Trump administration is actively broadening its collaboration for the Golden Dome missile defense program, strategically engaging Amazon (AMZN, Financial) among other technological giants. By considering Amazon's Project Kuiper for this satellite-based defense system, there is a noticeable pivot towards leveraging commercial tech firms to enhance national security while aiming to lessen dependence on SpaceX.
Wall Street Analysts Forecast
Insights from 67 Wall Street analysts reveal an average one-year price target of $248.93 for Amazon.com Inc (AMZN, Financial). Their forecasts span a high estimate of $305.00 and a low of $195.00, representing an anticipated upside of 9.60% from the current trading price of $227.13. For more in-depth forecast data, visit the Amazon.com Inc (AMZN) Forecast page.
With input from 73 brokerage firms, Amazon.com Inc's (AMZN, Financial) consensus brokerage recommendation currently stands at 1.7, which suggests an "Outperform" rating. This recommendation scale ranges from 1 (Strong Buy) to 5 (Sell), confirming positive analyst sentiment towards Amazon.
GuruFocus Estimations for Value
According to GuruFocus estimates, the projected GF Value for Amazon.com Inc (AMZN, Financial) in the next year is pegged at $189.47. This estimation indicates a possible downside of 16.58% from the current price of $227.13. The GF Value is derived from historical trading multiples, past business growth, and future performance projections. For further details, explore the Amazon.com Inc (AMZN) Summary page.
