Amazon Stock Price Target Update: Analysts See Potential Upside for AMZN
Amazon Stock Performance Overview
Amazon stock (NASDAQ: AMZN) recorded a strong year in 2024, with a 47.39% gain. The e-commerce titan’s latest earnings report, released on October 31, marked the seventh consecutive quarter in which the company beat earnings estimates.
Current Stock Price and Analyst Recommendations
As of January 22, AMZN shares were trading at $232.43, having rallied by 5.94% since the beginning of 2025. Currently, Amazon stock is the most widely recommended ‘Buy’ per Wall Street analysts, with increased price targets aimed around the $270 mark.
Positive Indicators for AMZN Stock
- Cantor Fitzgerald’s Deepak Mathivanan reaffirmed his ‘Strong Buy’ rating and set a price target of $270.
- This price forecast indicates a potential 16.16% upside.
- Mathivanan described Amazon stock as a top pick for 2025, highlighting strong fundamentals.
Future Catalysts and Growth Potential
Mathivanan noted several key bullish catalysts ahead for AMZN stock, including:
- Steady acceleration in AWS growth.
- Margin expansion in the retail sector, driven by fixed cost leverage.
- Ongoing developments related to Project Kuiper.
The next earnings call for Amazon is set for January 30. With a forward price-to-earnings (PE) ratio of 37.51, another earnings beat could further validate the bullish outlook on Wall Street.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.