Amazon Stock Has 19% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
Amazon lost $2.7 billion in 2022, as the costs of expanding to accommodate pandemic-era home shopping came home to roost. But 2023 profits -- $30.4 billion -- nearly equaled the company's record profit of 2021 ($33.4 billion). And this year, Amazon looks ready to set a new record, with analysts polled by S&P Global Market Intelligence predicting the e-commerce star will earn more than $44 billion. Think that's worth an upgrade? So does Truist Securities analyst Youssef Squali. On Wednesday, he raised his price target on Amazon stock by 11%, to $216 a share. That target implies 19% upside for the tech stock over the next 12 months. Is Amazon stock a buy? Citing proprietary "Truist Card Data" that tracks consumer spending, Squali says Amazon's sales are up, its advertising business is booming, and "further growth acceleration at AWS" means Amazon will beat earnings when it reports first-quarter results later this month. That already sounds pretty good, with retail (Amazon's bigge
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News
- Pinterest Revenue Surges on Popularity of Shopping Push [BNN Bloomberg (Canada)]BNN Bloomberg
- Amazon triples quarterly profit as cloud and ads grow [Yahoo! Finance]Yahoo! Finance
- Amazon Stock Jumps Closer To Record High On Earnings Boost [Forbes]Forbes
- Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars [Yahoo! Finance]Yahoo! Finance
- Super Micro Computer Posts Mixed March-Quarter Results But Tops Views With Outlook [Yahoo! Finance]Yahoo! Finance
AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 4/30/24 - Form 8-K
- 4/29/24 - Form 13F-HR
- 4/25/24 - Form PX14A6G
- AMZN's page on the SEC website