Our proprietary model and the full Wall Street consensus landed on virtually the same Amazon price target, but one upcoming earnings report could confirm the trade or blow the thesis apart.
The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $329.70. That is 31.68% above the $250.38 close. The model rates the stock a buy with 70% confidence.
| Metric | Value |
|---|---|
| Current Price | $250.38 |
| Price Target from 24/7 Wall St. | $329.70 |
| Upside/Downside | 31.68% |
| Recommendation | BUY |
| Confidence Level | 70% |
Our target stands within 0.61% of the Wall Street consensus target of $331.72. Q3 results are expected October 29 after the close. The company forecast to sales of $197 billion to $202 billion and operating income of $22.5 billion to $26.5 billion, compared with $17.4 billion a year ago.
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