Following the release of its latest quarterly financial data, Amazon (AMZN) has captured the attention of Wall Street analysts, leading to adjustments in their future outlooks for the tech and retail giant. The company’s performance metrics offered a mix of positive results and cautious guidance, prompting varied reactions in the market.
Quarterly Performance Highlights
Amazon disclosed earnings per share (EPS) of $1.59 alongside total revenues reaching $155.67 billion. Both these figures surpassed the consensus estimates previously set by market experts. This strong performance indicated robust operations in the concluded quarter.
However, the company’s forward-looking guidance for the second quarter introduced a note of caution. Amazon projected operating income to fall between $13 billion and $17.5 billion. This range was slightly below what analysts had anticipated, leading to some initial uncertainty among investors. Consequently, AMZN shares displayed volatility, initially declining before partially recovering. As of the latest checks, the stock was trading near the $190 mark. It’s also noted that the stock has seen a decline of approximately 13.5% year-to-date.
Analyst Price Target Adjustments
In response to the earnings report and guidance, several major investment firms updated their price targets for Amazon stock. The sentiment remains largely positive, although expectations vary:
| Investment Firm | Recommendation/Action | New Price Target | Implied Upside (Approx.) |
| Deutsche Bank | Buy, Target Raised | $210 (from $206) | ~10% |
| Goldman Sachs | Buy, Target Raised | $220 | ~16% |
| Citi | Target Set | $225 | N/A |
| JPMorgan | Target Set | $225 | N/A |
| Bank of America | Target Set | $230 | ~21% |
| Barclays | Target Reduced | $240 (from $265) | N/A (Still high relative to others) |
| Morgan Stanley | Target Set | $250 | >30% |
Despite Barclays slightly lowering its target, the overall adjustments suggest continued confidence from prominent analysts in Amazon’s potential for stock price appreciation, with Morgan Stanley presenting one of the most bullish outlooks on Wall Street.
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