Analyst Ratings For Amazon.com
Portfolio Pulse from Benzinga Insights
Analyst ratings for Amazon.com (NASDAQ:AMZN) show a mix of bullish and somewhat bullish perspectives with no bearish or indifferent ratings. Over the last three months, 32 analysts have provided ratings, with recent updates indicating a slight increase in the 12-month price target average to $174.28. Analysts from firms like Wedbush, Oppenheimer, and Truist Securities have raised their price targets, while others have maintained their positive outlook. Amazon's strong financial performance is highlighted by its market capitalization, revenue growth, net margin, ROE, ROA, and a conservative debt-to-equity ratio.
December 21, 2023 | 12:00 pm
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POSITIVE IMPACT
Analysts are bullish on Amazon, with recent price target adjustments reflecting optimism. The average 12-month price target has increased slightly, indicating potential upside for the stock.
The unanimous bullish and somewhat bullish ratings from analysts, along with the raised price targets, suggest a positive short-term impact on AMZN's stock price. The lack of bearish or indifferent ratings reinforces the positive sentiment. The company's strong financial metrics further support the likelihood of a positive market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100