Fifty-eight analysts cover Amazon and not one rates it a sell, yet the stock still sits well below its 52-week high while free cash flow turns negative and capital spending surges to levels that would make most CFOs flinch.
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The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) 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…
