Amazon.com (NASDAQ:AMZN) Price Target Raised to $270.00 at Wolfe Research

Key Points

• Wolfe Research has increased Amazon.com's price target from $265.00 to $270.00, suggesting a potential upside of 22.97% from the last closing price.
• Analysts have given Amazon.com a consensus rating of "Buy" with an average target price of $265.09, reflecting positive sentiment among various brokerages.
• Amazon reported $1.68 earnings per share for the latest quarter, exceeding estimates and showing a 13.3% increase in year-over-year revenue, amounting to $167.70 billion.

Amazon.com (NASDAQ:AMZN) had its target price upped by analysts at Wolfe Research from $265.00 to $270.00 in a research note issued to investors on Tuesday,MarketScreener reports. Wolfe Research's price target indicates a potential upside of 22.97% from the stock's previous close.

Several other brokerages have also weighed in on AMZN. Susquehanna upped their price objective on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Evercore ISI reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $265.09.

Amazon.com Trading Down 1.2%

Shares of AMZN stock opened at $219.57 on Tuesday. Amazon.com has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. The stock has a fifty day moving average of $227.14 and a two-hundred day moving average of $210.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 21,770,485 shares of company stock worth $4,938,795,968 over the last 90 days. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new stake in Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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