Today’s Amazon Stock Ratings and Future Forecast: Will AMZN Surge Between $265 and $320
On October 31, Wall Street analysts released updated ratings for Amazon.com Inc. (AMZN). Price targets for the stock vary between $265 and $320. Key analysts have retained their buy ratings while adjusting their forecasts.
Analyst Ratings and Price Targets
Below are the key analysts that revised their target prices for Amazon:
- Morgan Stanley: Brian Nowak raised the target from $300 to $315.
- J.P. Morgan: Doug Anmuth updated the target from $265 to $305.
- BofA Securities: Justin Post increased the target from $272 to $303.
- Citi: Ronald Josey maintained the target at $320.
- Barclays: Ross Sandler revised the target from $275 to $300.
Price Target Overview
The price targets suggest a positive outlook for Amazon stock. The adjustments reflect analysts’ confidence in the company’s growth prospects. Here is a summary of the target prices:
| Analyst | Previous Target | New Target |
|---|---|---|
| Morgan Stanley | $300 | $315 |
| J.P. Morgan | $265 | $305 |
| BofA Securities | $272 | $303 |
| Citi | $320 | $320 |
| Barclays | $275 | $300 |
Investment Insights
This analysis is based on insights from 26 financial analysts, collated by TipRanks, an independent financial analysis platform. It is important to note that these insights are presented for informational purposes and should not be considered as direct investment advice.
When evaluating individual analyst performance, TipRanks computes a success rate based on past ratings. Analysts are rated on a scale of 1 to 5 stars, with higher ratings indicating better performance. This system emphasizes the importance of both success rates and average returns.
Conclusion
As Amazon’s stock continues to be a focus for investors, the varied price targets indicate diverse opinions among analysts. Observers will be keen to see how the stock performs against these forecasts, particularly in the range of $265 to $320.
