Amazon Analyst Coverage
Evercore(Rank#47), one of the most respected investment banking advisory firms in the world, has recently lowered the target on Amazon’s stock from $160 to $155, while maintaining its “Outperform” rating on the stock.
The move comes as a result of Amazon’s recent earnings report, which fell slightly short of expectations. However, Evercore’s analysts believe that this is only a temporary setback and that Amazon’s long-term prospects remain strong.
Amazon is one of the most well-known and successful companies in the world, and has transformed the way we shop, communicate, and access entertainment. The company’s stock has been on a steady upward trajectory for many years, as investors have recognized the value of Amazon’s innovative business model and commitment to customer satisfaction.
Despite the recent dip in earnings, Evercore’s analysts believe that Amazon is still a fundamentally strong company, with excellent growth potential and a solid financial foundation. The company’s dominance in the e-commerce space is unlikely to be challenged anytime soon, and its expansion into other areas such as cloud computing and advertising bodes well for its future prospects.
Amazon has a strong track record of investing in new technologies and innovation, which should help it maintain its competitive edge in the years to come. This includes initiatives such as drone delivery, voice-activated assistants, and artificial intelligence, which could revolutionize the way we interact with technology.
Evercore’s decision to lower the target on Amazon’s stock is a reflection of short-term concerns about the company’s earnings, rather than any long-term structural issues. As such, investors who believe in the long-term growth potential of Amazon may see this as an opportunity to buy into the stock at a slightly discounted price.
AMZN Stock Forecast & Analysis
Amazon.com Inc According to data from 53 analysts, the average target price for Amazon.com Inc over the next 12 months is USD 137.00. This suggests that analysts are generally bullish on the company’s long-term prospects, despite the recent dip in earnings.
Amazon.com Inc’s average analyst rating is “Strong Buy”, which indicates a high level of confidence in the company’s ability to deliver strong returns for investors. This rating is based on a number of factors, including the company’s financial performance, growth prospects, and competitive position in the market.
Stock Target Advisor’s own analysis has a slightly bearish outlook on the company’s stock. This is based on four positive signals and five negative signals, suggesting that there are some potential risks to investing in Amazon.com Inc at the current time.
Despite this, Amazon.com Inc’s stock price has seen some strong gains in recent weeks, with an increase of +5.26% over the past week and +12.11% over the past month. This is likely due to a combination of factors, including positive news about the company’s expansion into new markets and investor confidence in the long-term growth potential of the e-commerce giant.
Amazon.com Inc’s stock price has also experienced significant volatility over the past year, with a decrease of -36.85%.