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Amazon.com (AMZN) Stock Forecast & Price Target

$199.29
-0.71 (-0.36%)
(As of 07/8/2024 ET)

Amazon.com - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$215.86
8.31% Upside
High Forecast$245.00
Average Forecast$215.86
Low Forecast$140.00
TypeCurrent Forecast
7/10/23 to 7/9/24
1 Month Ago
6/10/23 to 6/9/24
3 Months Ago
4/11/23 to 4/10/24
1 Year Ago
7/10/22 to 7/10/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
42 Buy rating(s)
42 Buy rating(s)
42 Buy rating(s)
41 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$215.86$213.82$198.89$144.47
Forecasted Upside8.31% Upside26.08% Upside28.96% Upside32.35% Upside
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AMZN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AMZN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Amazon.com Stock vs. The Competition

TypeAmazon.comRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
3.00
2.46
2.50
Consensus RatingBuyHoldModerate Buy
Predicted Upside8.31% Upside58.94% Upside12.00% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$205.00 ➝ $205.00+6.08%
6/28/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$234.00 ➝ $239.00+22.99%
6/26/2024Bank of America
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 Boost TargetBuy ➝ Buy$210.00 ➝ $220.00+18.06%
6/21/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$210.00 ➝ $213.00+14.45%
5/30/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$210.00 ➝ $245.00+36.63%
5/6/2024Loop Capital
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 Boost TargetBuy ➝ Buy$215.00 ➝ $225.00+20.69%
5/2/2024Argus
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 Boost TargetBuy ➝ Buy$185.00 ➝ $205.00+12.76%
5/1/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$215.00 ➝ $220.00+23.52%
5/1/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$205.00 ➝ $210.00+18.40%
5/1/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$225.00+26.46%
5/1/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$200.00+11.06%
5/1/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$225.00 ➝ $240.00+33.54%
5/1/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$224.00 ➝ $228.00+30.29%
5/1/2024Barclays
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 Boost TargetOverweight ➝ Overweight$220.00 ➝ $230.00+31.43%
5/1/2024Citigroup
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 Boost TargetBuy ➝ Buy$235.00 ➝ $245.00+40.00%
5/1/2024UBS Group
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 Boost TargetBuy ➝ Buy$215.00 ➝ $217.00+24.00%
5/1/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$225.00+28.57%
5/1/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$215.00 ➝ $220.00+25.71%
5/1/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$210.00 ➝ $220.00+25.71%
5/1/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+25.71%
5/1/2024Truist Financial
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 Boost TargetBuy ➝ Buy$216.00 ➝ $220.00+25.71%
5/1/2024Maxim Group
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 Lower TargetBuy$318.00 ➝ $238.00+36.00%
5/1/2024Monness Crespi & Hardt
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 Boost TargetBuy$215.00 ➝ $225.00+28.57%
5/1/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$220.00 ➝ $225.00+28.57%
5/1/2024Mizuho
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 Boost TargetBuy ➝ Buy$230.00 ➝ $240.00+37.14%
5/1/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$200.00 ➝ $205.00+17.14%
5/1/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$220.00 ➝ $225.00+28.57%
5/1/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$205.00 ➝ $220.00+25.71%
5/1/2024Telsey Advisory Group
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $215.00+22.86%
4/18/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$235.00+30.35%
4/11/2024Moffett Nathanson
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 Reiterated RatingBuy ➝ Buy$228.00+21.82%
2/2/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$180.00 ➝ $215.00+26.86%
2/2/2024Wolfe Research
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 Boost TargetOutperform$195.00 ➝ $205.00+28.70%
2/2/2024Sanford C. Bernstein
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 Boost TargetOutperform$175.00 ➝ $200.00+25.57%
2/2/2024TD Cowen
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 Boost TargetOutperform$200.00 ➝ $225.00+41.26%
2/2/2024Canaccord Genuity Group
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 Boost TargetBuy$185.00 ➝ $200.00+25.57%
2/2/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$175.00 ➝ $200.00+25.57%
2/2/2024Susquehanna
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 Boost TargetPositive ➝ Positive$185.00 ➝ $220.00+38.12%
11/2/2023HSBC
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 Initiated CoverageBuy$160.00+16.79%
8/11/2023Redburn Partners
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 Boost TargetBuy ➝ Buy$220.00 ➝ $230.00+65.99%
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8/4/2023Credit Suisse Group
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 Boost TargetOutperform$176.00 ➝ $189.00+32.89%
8/4/2023BNP Paribas
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 UpgradeUnderperform ➝ Neutral$140.00-0.60%
7/9/2023CICC Research
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 Initiated CoverageOutperform
6/21/2023Jefferies Financial Group
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 Boost Target$135.00 ➝ $150.00+19.26%
6/7/2023Piper Sandler Companies
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 Boost TargetOverweight$130.00 ➝ $150.00+18.47%
2/3/2023Roth Capital
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R. Kulkarni
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Reiterated RatingBuy
2/3/2023Cowen
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 Boost TargetOutperform$140.00 ➝ $150.00+32.85%
1/18/2023MKM Partners
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Rohit Kulkarni
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Lower TargetBuy$145.00 ➝ $125.00+28.64%
1/4/2023New Street Research
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 Initiated CoverageBuy$130.00+51.48%
12/1/2022Cowen
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 Boost TargetOutperform$150.00 ➝ $160.00+65.73%
11/18/2022Erste Group Bank
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Hans Engel
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DowngradeBuy ➝ Hold
10/28/2022Atlantic Securities
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 Lower TargetOverweight$160.00 ➝ $120.00+20.01%
7/26/2022Itaú Unibanco
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 Initiated CoverageOutperform$146.00+27.20%
7/26/2022Itau BBA Securities
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 Initiated CoverageOutperform$146.00+26.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:17 AM ET.

AMZN Forecast - Frequently Asked Questions

What is Amazon.com's forecast for 2024?

According to the research reports of 44 Wall Street equities research analysts, the average twelve-month stock price forecast for Amazon.com is $215.86, with a high forecast of $245.00 and a low forecast of $140.00.

Should I buy or sell Amazon.com stock right now?

44 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last twelve months. There is currently 1 hold rating, 42 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMZN shares.

Does Amazon.com's stock price have much upside?

According to analysts, Amazon.com's stock has a predicted upside of 25.95% based on their 12-month stock forecasts.

Do Wall Street analysts like Amazon.com more than its competitors?

Analysts like Amazon.com more than other "retail/wholesale" companies. The consensus rating for Amazon.com is Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how AMZN compares to other companies.


This page (NASDAQ:AMZN) was last updated on 7/9/2024 by MarketBeat.com Staff

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