Wells Fargo Reiterates Overweight Rating for Amazon.com (AMZN)

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Wells Fargo maintains an Overweight rating for Amazon.com (NasdaqGS: AMZN) as of December 2, 2025. The average one-year price target for Amazon is $294.40 per share, reflecting a potential upside of 25.87% from its most recent closing price of $233.88.

Amazon’s projected annual revenue is $693,815 million, with a non-GAAP EPS of $7.79. Institutional ownership reports indicate 7,750 funds hold positions in Amazon, marking an increase of 82 funds (1.07%) from the last quarter.

The average portfolio weight for these funds in Amazon stands at 2.36%, up by 5.20%. Total shares owned decreased by 0.08% to 7,793,236K shares, while the put/call ratio is at 0.69, suggesting a bullish market outlook.

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