Amazon (AMZN) shares closed at $227.35, reflecting a 3% gain over the past four weeks. Wall Street analysts have set a mean price target of $295.80, suggesting a potential upside of 30.1%. Price targets range from a low of $230 to a high of $360, with a standard deviation of $24.81 indicating tight clustering among estimates, which suggests analysts agree on AMZN’s upward potential.
Analysts are optimistic about AMZN’s earnings prospects, as the Zacks Consensus Estimate has remained stable with no negative revisions over the last 30 days. AMZN currently holds a Zacks Rank of #2 (Buy), placing it among the top 20% of over 4,000 stocks ranked based on earnings estimates. This performance further strengthens the argument for potential upside in the company’s stock price in the near term.
