On September 24, 2025, Wells Fargo upgraded Amazon.com (NasdaqGS:AMZN) from Equal-Weight to Overweight. The average one-year price target for the company is now $268.44/share, indicating a potential upside of 21.63% from its latest closing price of $220.71/share.
Institutional ownership has also seen an increase, with 7,690 funds reporting positions, a rise of 171 owners or 2.27% in the last quarter. Total shares owned by institutions grew by 2.36% to 7,881,478K shares.
