Truist Financial Boosts Amazon.com (NASDAQ:AMZN) Price Target to $270.00

Key Points

• Truist Financial has increased its price target for Amazon.com from $250.00 to $270.00, indicating a potential upside of 16.67% from the stock's current price with a "buy" rating.
• Other analysts, including Wells Fargo and Barclays, have also raised their price targets for Amazon, with Barclays setting it as high as $275.00.
• Amazon recently reported earnings beating estimates, with $1.68 EPS and revenue of $167.70 billion, reflecting a 13.3% year-over-year increase.

Amazon.com (NASDAQ:AMZN) had its price target raised by analysts at Truist Financial from $250.00 to $270.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the e-commerce giant's stock. Truist Financial's price objective points to a potential upside of 16.17% from the company's current price.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Bank of America boosted their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. HSBC raised their target price on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, UBS Group reaffirmed a "buy" rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus price target of $263.30.

Amazon.com Stock Up 0.5%

Amazon.com stock traded up $1.18 during midday trading on Tuesday, hitting $232.41. 27,545,591 shares of the stock were exchanged, compared to its average volume of 43,571,625. Amazon.com has a 52-week low of $161.38 and a 52-week high of $242.52. The business's 50-day moving average price is $227.68 and its 200-day moving average price is $209.23. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth $40,000. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Company Profile

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.