Amazon Stock Predictions: Wall Street Analysts Set Price Targets

Amazon Stock Predictions for the Coming Year

Amazon (NASDAQ: AMZN) has once again caught the attention of investors and analysts alike, as recent evaluations by Wall Street predict a bright future for the e-commerce giant. Currently trading at $229.44, AMZN stock has delivered impressive year-to-date returns of 53.03%. During its recent Q3 2024 earnings call, Amazon posted stronger-than-expected earnings per share (EPS), which has reinforced investor confidence.

Analyst Ratings and Price Targets

Following the Q3 call, JMP Securities analyst Andrew Quail maintained his 'Market Outperform' rating and reaffirmed a price target of $285 for AMZN stock, pointing to strong operating income and margin growth as key drivers. Meanwhile, Jefferies' Brent Thill raised his price target from $235 to $275, citing Amazon's commanding presence in the cloud market and AI revenue potential, despite some concerns over slightly disappointing sales guidance.

Looking Ahead: Key Dates and Indicators

• February 6: Amazon's upcoming earnings call
• Expectations of significant growth in the advertising and cloud services segments
• Potential dips in stock price may present buying opportunities for investors

With analysts maintaining a bullish stance on Amazon stock, many investors are eager to see how upcoming financial results will shape future performance.