Amazon.com, Inc. (AMZN)
NASDAQ: AMZN · IEX Real-Time Price · USD
151.94
-1.44 (-0.94%)
At close: Dec 29, 2023, 4:00 PM
151.75
-0.19 (-0.13%)
After-hours: Dec 29, 2023, 7:59 PM EST
Amazon Stock Forecast
Stock Price Forecast
According to 42 stock analysts, the average 12-month stock price forecast for Amazon stock is $171.48, which predicts an increase of 12.86%. The lowest target is $116 and the highest is $230. On average, analysts rate Amazon stock as a strong buy.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Amazon stock from 42 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 16 | 19 | 20 | 22 | 23 | 23 |
| Buy | 21 | 21 | 22 | 21 | 19 | 18 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 38 | 41 | 43 | 44 | 43 | 42 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Maintains $180 → $210 | Buy | Maintains | $180 → $210 | +38.21% | Dec 21, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $170 → $200 | Buy | Maintains | $170 → $200 | +31.63% | Dec 1, 2023 |
| Wedbush | Wedbush | Buy Reiterates $180 | Buy | Reiterates | $180 | +18.47% | Dec 1, 2023 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $176 | Strong Buy | Reiterates | $176 | +15.84% | Nov 29, 2023 |
| JMP Securities | JMP Securities | Buy Reiterates $175 | Buy | Reiterates | $175 | +15.18% | Nov 29, 2023 |
Financial Forecast
Revenue This Year
582.03B
from 513.98B
Increased by 13.24%
Revenue Next Year
648.11B
from 582.03B
Increased by 11.35%
EPS This Year
2.73
from -0.27
EPS Next Year
3.62
from 2.73
Increased by 32.87%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 601.1B | 679.5B | 787.4B | 874.3B | 991.1B | 1.1T |
| Avg | 582.0B | 648.1B | 724.1B | 807.8B | 899.8B | 1.0T |
| Low | 553.5B | 589.2B | 653.2B | 721.4B | 778.7B | 840.7B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 16.9% | 16.7% | 21.5% | 20.7% | 22.7% | 25.6% |
| Avg | 13.2% | 11.4% | 11.7% | 11.5% | 11.4% | 11.5% |
| Low | 7.7% | 1.2% | 0.8% | -0.4% | -3.6% | -6.6% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 3.05 | 5.04 | 7.23 | 7.62 | 9.42 | 12.85 |
| Avg | 2.73 | 3.62 | 4.94 | 6.14 | 7.57 | 9.25 |
| Low | 2.42 | 2.28 | 3.49 | 4.17 | 4.89 | 5.73 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | - | 85.0% | 99.5% | 54.3% | 53.5% | 69.7% |
| Avg | - | 32.9% | 36.4% | 24.3% | 23.4% | 22.1% |
| Low | - | -16.2% | -3.7% | -15.7% | -20.3% | -24.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.