Oppenheimer Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price objective raised by research analysts at Oppenheimer from $275.00 to $320.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Oppenheimer’s target price would indicate a potential upside of 24.41% from the stock’s current price.

AMZN has been the subject of a number of other reports. Truist Financial upped their price objective on shares of Amazon.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday. Wolfe Research restated an “outperform” rating and set a $320.00 price objective (up from $245.00) on shares of Amazon.com in a research report on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $313.00 price objective (up from $307.00) on shares of Amazon.com in a research report on Thursday. President Capital reduced their price objective on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, Scotiabank upped their price objective on shares of Amazon.com from $275.00 to $325.00 and gave the stock a “sector outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $307.66.

Amazon.com Price Performance

NASDAQ:AMZN traded down $5.83 during trading hours on Thursday, reaching $257.21. 44,392,008 shares of the company were exchanged, compared to its average volume of 49,773,793. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $222.42 and its 200-day moving average is $227.08. The firm has a market cap of $2.77 trillion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.38. Amazon.com has a twelve month low of $183.85 and a twelve month high of $273.88.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $1.16. The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $176.98 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. On average, sell-side analysts anticipate that Amazon.com will post 7.71 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 3,849 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the sale, the director owned 78,654 shares of the company’s stock, valued at approximately $20,450,040. This represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $255.00, for a total transaction of $7,905,000.00. Following the completion of the sale, the chief executive officer directly owned 2,207,118 shares of the company’s stock, valued at $562,815,090. This represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 128,035 shares of company stock valued at $28,827,479 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. American Capital Advisory LLC raised its holdings in Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after purchasing an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Amazon.com during the third quarter worth approximately $451,642,000. Weaver Capital Management LLC grew its position in shares of Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after acquiring an additional 4,713 shares during the last quarter. Ethos Financial Group LLC grew its position in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after acquiring an additional 3,196 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its position in shares of Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock worth $52,667,000 after acquiring an additional 4,558 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Q1 results and AWS strength: Amazon beat estimates as AWS grew rapidly, giving tangible evidence that AI demand is driving higher cloud revenue (a primary bull case). Read More.
• Positive Sentiment: Large AI/backlog signals commercial demand: Management highlighted a multi?hundred?billion backlog tied to AI customers, supporting the rationale for AWS and on?prem/chip monetization opportunities. Read More.
• Positive Sentiment: OpenAI + AWS distribution win: OpenAI models are coming to AWS/Bedrock (limited preview), enlarging Amazon’s addressable market for high?margin AI cloud services. Read More.
• Neutral Sentiment: New AI product monetization: Amazon rolled out consumer and enterprise AI features (audio Q&A on product pages, expanded Connect agentic tools) that could lift ads/retail and service revenue but will take time to scale. Read More.
• Neutral Sentiment: Sellers adopting AI on the marketplace: Amazon says independent sellers are using AI tools to drive sales and cut costs — a positive for GMV and marketplace economics, but incremental to near?term top?line. Read More.
• Negative Sentiment: CapEx and margin concerns: Despite the beat, management signaled heavy AI/data?center spending and rising memory/chip prices — investors fear elevated capex will pressure near?term operating income. That commentary drove intra?day weakness. Read More.
• Negative Sentiment: Big?Tech AI spending scrutiny: Broader headlines warn of $700–800B AI capex across hyperscalers and label some spending a potential misallocation, which raises investor sensitivity to ROI timing. Read More.
• Negative Sentiment: Regulatory & insider signals: EU plans to target cloud/AI services raise compliance risk; a director sale (10b5?1) is a routine disclosure but can add short?term selling pressure. Read More. · Read More.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.