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

Key Points

• Truist Financial raised Amazon’s price target from $310 to $320 and kept a buy rating, implying about 18% upside from the current share price.
• Amazon continues to receive broad Wall Street support, with 57 analysts rating it a Buy and the consensus price target sitting at $312.83.
• The company posted strong quarterly results, beating EPS and revenue estimates, while recent news has been upbeat around AWS and AI momentum, helping support bullish sentiment.

Amazon.com (NASDAQ:AMZN) had its price target lifted by equities researchers at Truist Financial from $310.00 to $320.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the e-commerce giant's stock. Truist Financial's target price indicates a potential upside of 18.08% from the company's current price.

A number of other research firms have also weighed in on AMZN. The Goldman Sachs Group reiterated a "buy" rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. New Street Research boosted their price target on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, May 4th. President Capital reduced their price target on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Daiwa Securities Group reduced their price target on shares of Amazon.com from $300.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company set a $312.00 price target on shares of Amazon.com and gave the company an "overweight" rating in a research report on Wednesday, May 20th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $312.83.

Amazon.com Stock Performance

Amazon.com stock traded down $3.01 during mid-day trading on Friday, reaching $270.99. The company's stock had a trading volume of 18,605,875 shares, compared to its average volume of 48,002,715. Amazon.com has a 12-month low of $196.00 and a 12-month high of $278.56. The company has a market capitalization of $2.92 trillion, a P/E ratio of 32.44, a PEG ratio of 2.04 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm's fifty day moving average price is $244.17 and its two-hundred day moving average price is $232.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the business earned $1.59 EPS. Amazon.com's revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 7.71 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares of the company's stock, valued at $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 195,774 shares of company stock valued at $51,552,494. 8.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC lifted its stake in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com during the third quarter valued at about $27,000. MilWealth Group LLC raised its stake in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com during the fourth quarter valued at about $45,000. Finally, Elkhorn Partners Limited Partnership raised its stake in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 180 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s AWS and AI businesses are getting fresh bullish attention, including reports of strong cloud momentum and a large AI-related backlog that could support revenue growth. Article Title
• Positive Sentiment: Snowflake’s $6 billion commitment to AWS is seen as validating Amazon’s cloud and AI infrastructure leadership, lifting sentiment around AMZN. Article Title
• Positive Sentiment: Analysts and investors continue to call Amazon a long-term AI winner, with bullish notes and high-conviction portfolio moves adding to the stock’s upward momentum. Article Title
• Neutral Sentiment: Amazon shut down an internal AI leaderboard to stop employees from chasing usage scores, signaling tighter cost control around AI spending rather than a direct business setback. Article Title
• Negative Sentiment: Australia’s regulator sued Amazon’s local unit over alleged product safety-label violations, creating a modest legal and compliance risk. Article Title

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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