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The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
E-commerce pioneer Amazon (NASDAQ: AMZN) stock has been a roller-coaster ride in recent years. Share prices soared more than 50% in three of the last eight years, mixed in with a 50% drop in 2022.
New analyst coverage is bullish on Amazon's AI business.
Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to equal weight (i.e., from buy to hold).
Now that consumer behavior is normalizing, investors are understandably interested in e-commerce stocks. *Stock prices used were the afternoon prices of Nov. 23, 2024.
As of this writing, shares of Amazon trade at a forward price-to-earnings (P/E) ratio of 44.5. That's 34% higher than Apple's multiple of 33.3. That's 34% higher than Apple's multiple of 33.3.
This gives Amazon stock an average rating of 1.7 on a scale of 1 (strong buy) to 5 (sell). The price of the stock as of July 30 is $3,327.59. This is lower than any of the analysts’ price ...
Amazon is a juggernaut with the means to grow for years to come, but no stock is worth paying any price for. The good news is that high-quality stocks like Amazon only need a fair price to create ...