Loop Capital analyst Rob Sanderson maintains $Amazon (AMZN.US)$ with a buy rating, and adjusts the target price from $225 to $275.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Amazon (AMZN.US)$'s main analysts recently are as follows:
Following Amazon.com's third quarter earnings and fourth quarter guidance that surpassed expectations, forecasts for the company's EBIT for FY25 and FY26 were increased by 10% and 6%, respectively. This revision is based on the anticipation of reduced cost to serve, which is expected to compensate for the declining merchandise margins stemming from a shift toward more affordably priced essential items.
The company's strong Q3 performance and optimistic future guidance were noted, as was the significant potential in AI for its cloud services, with AI-related revenue growing swiftly. The cloud division is acknowledged for its solid fundamental position, and it's suggested that the retail segment holds greater earnings potential than is currently acknowledged by the market.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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