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.
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.
Metric | Value |
|---|---|
Current Price | $255.40 |
The Price Target from 24/7 Wall St. | $329.19 |
Upside | 28.9% |
Recommendation | BUY |
Confidence Level | 70% |
Wall Street lines up behind the same view. Analysts list 15 Strong Buy ratings, 43 Buys, 2 Holds and zero Sells. Their consensus target of $330.59 lands within about a dollar of ours. Our model’s confidence fell to 0.7 from 0.9 in recent updates, which shows higher capital…
https://www.aol.com/articles/58-analysts-zero-sells-amazon-163051000.html
