58 Analysts, Zero Sells: Amazon’s Price Target Is a Rare Consensus

Quick Read

• Amazon (AMZN) earns a BUY rating with a $329 price target, offering 29% upside backed by 58 analysts and zero Sell ratings.

• AWS grew 37% to $42 billion with a $496 billion backlog, while Amazon trades cheaper on EV/EBITDA than both Microsoft (MSFT) and Alphabet (GOOGL).

• Trailing free cash flow turned negative at -$8 billion as Q2 capex hit $54 billion, though even the bear-case target of $283 tops today’s price.

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Amazon didn’t make the cut. Enter your email to see the names that beat AMZN. The report is free. Enter your email and see if any of your stocks made the cut.

The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN) is $329.19. From today’s $255.40, that works out to 28.9% upside. Our model rates the stock a buy with 70% confidence.

…