Amazon.com (NASDAQ:AMZN) Stock Price Target Cut by Citizens Jmp

Key Points

• Citizens JMP lowered Amazon’s price target from $315 to $275 while maintaining a “market outperform” rating, implying 12.8% upside from the prior close.
• Analyst sentiment remains broadly positive: Amazon has a consensus “Moderate Buy” rating and an average price target of $324.46, despite some recent rating changes.
• Amazon’s latest quarter fell slightly short of expectations, with EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion forecast, although revenue grew 12.1% year over year.

Amazon.com (NASDAQ:AMZN - Get Free Report) had its price target decreased by equities researchers at Citizens Jmp from $315.00 to $275.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "market outperform" rating on the e-commerce giant's stock. Citizens Jmp's target price would indicate a potential upside of 12.80% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Roth Capital reissued a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a research report on Monday, August 3rd. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a research note on Friday. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. Finally, Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $324.46.

Amazon.com Stock Down 4.2%

Shares of AMZN stock opened at $243.79 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com has a twelve month low of $196.00 and a twelve month high of $287.20. The stock has a 50 day moving average of $254.67 and a 200 day moving average of $243.12. The stock has a market cap of $2.63 trillion, a P/E ratio of 19.61, a P/E/G ratio of 1.98 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com will post 8.00 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale 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, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,589 shares of company stock valued at $18,580,515 over the last quarter. 8.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Integrity Advisory Solutions LLC lifted its stake in Amazon.com by 16.1% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 19,941 shares of the e-commerce giant's stock valued at $4,968,000 after purchasing an additional 2,765 shares during the last quarter. Spectrum Wealth Advisory Group LLC raised its stake in Amazon.com by 2.1% in the 3rd quarter. Spectrum Wealth Advisory Group LLC now owns 9,241 shares of the e-commerce giant's stock worth $2,302,000 after purchasing an additional 190 shares in the last quarter. Reston Wealth Management LLC boosted its stake in shares of Amazon.com by 5.4% in the third quarter. Reston Wealth Management LLC now owns 4,291 shares of the e-commerce giant's stock valued at $1,069,000 after buying an additional 219 shares during the period. Mountain Pacific Investment Advisers LLC grew its stake in Amazon.com by 12.1% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 1,810 shares of the e-commerce giant's stock worth $451,000 after buying an additional 195 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 1,206,785 shares of the e-commerce giant's stock valued at $300,670,000 after purchasing an additional 3,134 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth accelerated sharply. Amazon Web Services revenue increased 39% to approximately $46 billion, its fastest growth in nearly five years, and management said growth could exceed 40% in 2027 and 2028. AWS remains Amazon’s primary earnings driver, accounting for a large share of operating profit. Amazon AWS revenue grows 39%, leading to wider margin
• Positive Sentiment: Analysts remain constructive on Amazon’s long-term AI and cloud opportunity. Bank of America reiterated a Buy rating and set a $317 price target, citing strong AWS momentum. CEO Andy Jassy also forecast that AWS and Amazon’s stores business could each eventually reach $1 trillion in annual revenue, while the company plans to launch initial Leo satellite-internet service this year. Amazon Price Target Trimmed to $317
• Neutral Sentiment: Amazon is expanding its AI infrastructure and automation capabilities. Jassy said Amazon has more than one million warehouse robots and expects automation to handle more repetitive work. The company also plans to sell its internally developed Trainium AI chips to customers outside AWS by late 2027, potentially creating a new revenue stream but requiring continued investment.
• Negative Sentiment: Amazon missed quarterly expectations. Third-quarter EPS was $1.89 versus consensus estimates near $1.97-$2.01, while revenue of $201.9 billion also fell modestly short of forecasts. Earnings declined from $1.95 a year earlier despite 12.1% revenue growth. Amazon projects fourth quarter sales below estimates
• Negative Sentiment: Capital spending is overwhelming near-term cash generation. Amazon reported negative free cash flow of roughly $42.4 billion over the past 12 months after spending $77.3 billion on property and equipment in the quarter. Its roughly $220 billion 2026 capital-expenditure outlook, alongside expectations for higher AI spending in 2027, has raised concerns about debt, profitability and the timing of investment returns. A cautious fourth-quarter revenue outlook added pressure ahead of the holiday season.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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