Amazon Inc. (AMZN:NSD) Analysts cut targets on Valuation, but Bullish case emerges

Analyst Coverage Change:

On January 11th, Cowen maintained the Outperform rating on Amazon Inc., and lowered the 12 month price target to $140 from $160.

Last week, Jefferies also lowered the target on the stock to $125. New street Initiated the stock with a $135 target, and UBS Securities cut their target to $125. Canaccord Financial reduced their target to $135, while STA Research cut to $125 per share.

AMZN Stock Analysis and Forecast

The opinions of 41 analysts who cover Amazon.com Inc’s stock, are providing the average target price for Amazon.com Inc’s stock over the next 12 months, at USD 152.16. This means that on average, the analysts believe the stock will be worth $152.16 in 12 months from now.

The average analyst rating for Amazon.com Inc’s stock, which is given as “Strong Buy.” This means that on average, the analysts covering the stock believe it is a good “Buy”, and they are recommending it to investors.

Stock Target Advisor’s own analysis of Amazon.com Inc’s stock, which is given as “Slightly Bullish.” This means that based on the analysis, the stock is expected to perform slightly better than average in the future, but it not necessarily with a very high level of confidence.

The current stock price of the company and its last one week, one month and last year performance is USD 89.87, and has changed by +4.72% over the past week, +0.88% over the past month and -44.35% over the last year.

Amazon’s Bullish Case:

Amazon lost over half its value last year, but so far in the new year Amazon’s  stock is up 13%. A number of aspects of Amazon’s mass business network will continue to push the company’s growth, as the company currently sports an attractive valuation and buy proposition.

Amazon Web Services continues to be the major growth driver.  The segment is still showing “resilience,” even though it is anticipated that expenditure on cloud infrastructure will be restrained by rising inflation and a technical recession.

Amazon’s Advertising division, is predicted to represent 7% of worldwide digital ad revenue,  as more marketers are shifting to Amazon’s retail media network, in order to bypass  Apple’s privacy changes and get closer to buyers.

About Amazon

Amazon is an American multinational technology company based in Seattle, Washington. It is primarily known for its online retail service but has diversified its business into areas such as cloud computing (Amazon Web Services), advertising, and streaming media. The company also manufactures and sells consumer electronics, such as the Amazon Kindle e-reader and Alexa-enabled devices, and is a major provider of storage and hosting services for businesses. It operates through a variety of subsidiaries, including Whole Foods Market and Audible.

 

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