Amazon Q4 Earnings: What Analysts Say About Price Targets

Anticipating Amazon's Q4 Earnings
Amazon (NASDAQ: AMZN) is preparing to announce its Q4 2024 earnings on February 6, amid a thriving year marked by impressive stock growth and robust financial performance.
Strong Performance in 2024
- Stock Surge: Amazon has experienced a remarkable 47.39% increase in stock price for the year.
- Consecutive Beats: The company has exceeded earnings estimates for seven straight quarters.
- Current Trading: At the moment, shares are trading at $242.35.
As the holiday shopping season approaches, analysts maintain a bullish outlook, anticipating another strong earnings report fueled by growth in Amazon Web Services (AWS), advertising, and e-commerce sales.
Analyst Price Target Updates
- Benchmark: Raised its price target from $215 to $265, emphasizing a 'Buy' rating.
- Bank of America: Reiterated a 'Buy' rating with a price target of $255.
- Evercore ISI: Expects Amazon to beat earnings expectations this quarter.
Overall, analysts suggest that any post-earnings dips may represent viable buying opportunities, reflecting confidence in Amazon's long-term growth potential.
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.