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Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, CIBC Analyst Says

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Key Points

  • CIBC has increased its price target for Amazon.com to $315.00, indicating a potential upside of 45.51% from the current price.
  • The consensus price target for Amazon.com among analysts is $267.27, with a majority rating the stock as a "Buy" or "Strong Buy."
  • Amazon's recent earnings report showed an EPS of $1.68, surpassing estimates and reflecting a year-over-year revenue growth of 13.3%.
  • Five stocks to consider instead of Amazon.com.

Amazon.com (NASDAQ:AMZN) had its price target increased by stock analysts at CIBC to $315.00 in a research report issued on Monday,MarketScreener reports. CIBC's price objective would suggest a potential upside of 45.51% from the company's current price.

A number of other analysts have also recently commented on AMZN. Evercore ISI reiterated an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Robert W. Baird raised their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Cowen restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $267.27.

Read Our Latest Analysis on Amazon.com

Amazon.com Stock Up 1.6%

Shares of NASDAQ AMZN opened at $216.48 on Monday. The firm's 50-day moving average is $225.56 and its two-hundred day moving average is $213.20. The company has a market capitalization of $2.31 trillion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. Amazon.com has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the transaction, the chief executive officer directly owned 515,507 shares of the company's stock, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,252,009 shares of company stock valued at $976,047,640. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter worth $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

(Get Free Report)

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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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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