Wedbush Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Key Points

• Wedbush has raised its price target for Amazon.com (NASDAQ:AMZN) from $250 to $280, indicating a potential upside of 26.65% from the current stock price.
• Several analysts have provided positive ratings for Amazon, with a consensus rating of "Buy" and an average target price of $268.55.
• Amazon's recent earnings report showed a significant beat on expectations, with $1.68 earnings per share against a consensus of $1.31, alongside a revenue increase of 13.3% year-over-year.

Amazon.com (NASDAQ:AMZN) had its price objective increased by analysts at Wedbush from $250.00 to $280.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the e-commerce giant's stock. Wedbush's price objective points to a potential upside of 26.65% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. BMO Capital Markets lifted their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Citizens Jmp started coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Wells Fargo & Company raised shares of Amazon.com from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $245.00 to $280.00 in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating and forty-eight have given a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $268.55.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.09 on Friday. Amazon.com has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $225.24 and a 200 day simple moving average of $213.61. The stock has a market capitalization of $2.36 trillion, a PE ratio of 33.70, a P/E/G ratio of 1.44 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the business earned $1.26 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. 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 Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,911 shares of company stock valued at $21,765,202. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently added to or reduced their stakes in the business. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $40,000. Maryland Capital Advisors Inc. raised its position 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 purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

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.

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