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Amazon.com (AMZN) Stock Forecast & Price Target

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Amazon.com - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 45 Analyst Ratings

Consensus Price Target

$211.62
16.72% Upside
High Forecast$245.00
Average Forecast$211.62
Low Forecast$140.00
TypeCurrent Forecast
5/29/23 to 5/28/24		1 Month Ago
4/29/23 to 4/28/24		3 Months Ago
2/28/23 to 2/28/24		1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
43 Buy rating(s)
43 Buy rating(s)
42 Buy rating(s)
40 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$211.62$205.13$197.95$143.17
Forecasted Upside16.72% Upside27.78% Upside30.27% Upside34.87% Upside
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AMZN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AMZN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Amazon.com Stock vs. The Competition

TypeAmazon.comRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
3.00
2.41
2.49
Consensus RatingBuyHoldHold
Predicted Upside16.79% Upside43.93% Upside9.93% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/15/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$205.00+9.58%
5/6/2024Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$215.00 ➝ $225.00+20.69%
5/2/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$185.00 ➝ $205.00+12.76%
5/1/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$217.00 ➝ $234.00+27.92%
5/1/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$215.00 ➝ $220.00+23.52%
5/1/2024Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$205.00 ➝ $210.00+18.40%
5/1/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Outperform ➝ Market Outperform$225.00+26.46%
5/1/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$200.00+11.06%
5/1/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$225.00 ➝ $240.00+33.54%
5/1/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$224.00 ➝ $228.00+30.29%
5/1/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$220.00 ➝ $230.00+31.43%
5/1/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$235.00 ➝ $245.00+40.00%
5/1/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$215.00 ➝ $217.00+24.00%
5/1/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$225.00+28.57%
5/1/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$215.00 ➝ $220.00+25.71%
5/1/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$210.00 ➝ $220.00+25.71%
5/1/2024Rosenblatt Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+25.71%
5/1/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$216.00 ➝ $220.00+25.71%
5/1/2024Maxim Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$318.00 ➝ $238.00+36.00%
5/1/2024Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$215.00 ➝ $225.00+28.57%
5/1/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$220.00 ➝ $225.00+28.57%
5/1/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$230.00 ➝ $240.00+37.14%
5/1/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetStrong-Buy ➝ Strong-Buy$200.00 ➝ $205.00+17.14%
5/1/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$220.00 ➝ $225.00+28.57%
5/1/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$205.00 ➝ $220.00+25.71%
5/1/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$205.00 ➝ $210.00+20.00%
5/1/2024Telsey Advisory Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$200.00 ➝ $215.00+22.86%
4/18/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$235.00+30.35%
4/11/2024Moffett Nathanson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$228.00+21.82%
2/2/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$180.00 ➝ $215.00+26.86%
2/2/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$195.00 ➝ $205.00+28.70%
2/2/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$175.00 ➝ $200.00+25.57%
2/2/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$185.00 ➝ $204.00+28.08%
2/2/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$200.00 ➝ $225.00+41.26%
2/2/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$185.00 ➝ $200.00+25.57%
2/2/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$175.00 ➝ $200.00+25.57%
2/2/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetPositive ➝ Positive$185.00 ➝ $220.00+38.12%
11/10/2023Tigress Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$204.00 ➝ $210.00+46.28%
11/2/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$160.00+16.79%
8/11/2023Redburn Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$220.00 ➝ $230.00+65.99%
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8/4/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$176.00 ➝ $189.00+32.89%
8/4/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral$140.00-0.60%
7/9/2023CICC Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform
6/21/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$135.00 ➝ $150.00+19.26%
6/7/2023Piper Sandler Companies
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight$130.00 ➝ $150.00+18.47%
2/3/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		R. Kulkarni
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
2/3/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$140.00 ➝ $150.00+32.85%
1/18/2023MKM Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Rohit Kulkarni
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower TargetBuy$145.00 ➝ $125.00+28.64%
1/4/2023New Street Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$130.00+51.48%
12/1/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$150.00 ➝ $160.00+65.73%
11/18/2022Erste Group Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Hans Engel
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeBuy ➝ Hold
10/28/2022Atlantic Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight$160.00 ➝ $120.00+20.01%
7/26/2022Itaú Unibanco
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$146.00+27.20%
7/26/2022Itau BBA Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$146.00+26.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:13 PM ET.

AMZN Frequently Asked Questions

What is Amazon.com's stock forecast and purchase recommendation?

According to the research reports of 45 Wall Street equities research analysts, the average twelve-month stock price forecast for Amazon.com is $211.62, with a high forecast of $245.00 and a low forecast of $140.00. The consensus rating for Amazon.com stock is Buy based on the current 1 hold rating, 43 buy ratings and 1 strong buy rating for AMZN. Learn more on AMZN's analyst rating history.

Do Wall Street analysts like Amazon.com more than its competitors?

Analysts like Amazon.com more than other "retail/wholesale" companies. The consensus rating for Amazon.com is Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how AMZN compares to other companies.

Does Amazon.com's stock price have much upside?

According to analysts, Amazon.com's stock has a predicted upside of 26.11% based on their 12-month stock forecasts.

What analysts cover Amazon.com?

Amazon.com has been rated by research analysts at Argus, Barclays, Benchmark, BMO Capital Markets, Citigroup, DA Davidson, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Loop Capital, Maxim Group, Mizuho, Moffett Nathanson, Monness Crespi & Hardt, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Roth Mkm, Stifel Nicolaus, Telsey Advisory Group, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:AMZN) was last updated on 5/28/2024 by MarketBeat.com Staff

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