Amazon.com's (AMZN) "Buy" Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed its “Buy” rating on Amazon and set a $335 price target, implying 26.02% upside from the prior close. The broader analyst consensus is “Moderate Buy,” with an average target of $322.39.
• Amazon reported strong quarterly results, including $5.75 in EPS versus the $1.82 consensus estimate and $200.61 billion in revenue, up 19.6% year over year.
• Amazon shares opened at $265.84, while recent developments—including AWS and AI growth, expanded drone delivery plans, and an increased Louisiana data-center investment—support the company’s long-term expansion outlook.

Amazon.com (NASDAQ:AMZN)'s stock had its "buy" rating reiterated by research analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $335.00 target price on the e-commerce giant's stock. Rosenblatt Securities' target price indicates a potential upside of 26.02% from the company's previous close.

Several other brokerages have also commented on AMZN. Telsey Advisory Group set a $335.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Wolfe Research restated an "outperform" rating and set a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Sanford C. Bernstein reiterated an "outperform" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $322.39.

Amazon.com Stock Up 2.5%

Amazon.com stock opened at $265.84 on Thursday. Amazon.com has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The firm has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The stock's fifty day moving average is $249.09 and its two-hundred day moving average is $239.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company's revenue was up 19.6% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. Analysts predict that Amazon.com will post 8.05 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 3,741 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $262.76, for a total value of $982,985.16. Following the transaction, the chief executive officer owned 467,138 shares of the company's stock, valued at $122,745,180.88. This trade represents a 0.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 16,011 shares of company stock worth $4,256,608. Company insiders own 8.90% of the company's stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Gryphon Financial Partners LLC increased its position in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after acquiring an additional 5,104 shares during the last quarter. Narwhal Capital Management boosted its holdings in shares of Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock valued at $49,997,000 after acquiring an additional 4,854 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Amazon.com by 21.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock worth $5,690,463,000 after acquiring an additional 4,275,942 shares during the last quarter. Finally, Weaver Capital Management LLC raised its position in Amazon.com by 13.6% in the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after purchasing an additional 4,713 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by year-end, roughly six times its current coverage. Packages weighing up to five pounds could arrive in as little as 30 minutes, strengthening Amazon’s delivery advantage and offering a potential long-term efficiency benefit. Amazon to expand drone service to nearly 500 cities
• Positive Sentiment: AWS and AI momentum: AWS reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest expansion in 18 quarters, while its AI business surpassed a $25 billion annualized revenue run rate. Investors view the reacceleration as evidence that heavy AI spending is translating into cloud demand. Amazon's AI business passed a $25 billion run rate
• Positive Sentiment: Large infrastructure commitment: Amazon increased its planned investment in northwest Louisiana from $12 billion to approximately $18 billion, adding a third data-center campus and funding power and water infrastructure. The move signals confidence in sustained AWS demand and helps secure scarce electricity capacity for future growth. Amazon Plugs $18B Into the Southern Power Grid
• Positive Sentiment: Anthropic exposure: Amazon’s investment in Anthropic could become substantially more valuable if the AI company achieves the reported IPO valuation. Anthropic’s growth also supports AWS through cloud-hosting commitments and demand for Amazon’s Bedrock platform. Amazon's Stake in Anthropic Could Be Worth Over $400 Billion

Amazon.com Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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