Oppenheimer Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its target price hoisted by investment analysts at Oppenheimer from $245.00 to $290.00 in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. Oppenheimer’s target price indicates a potential upside of 18.75% from the stock’s current price.

Other analysts have also issued research reports about the stock. KeyCorp raised their target price on shares of Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Cantor Fitzgerald increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Benchmark reaffirmed a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research note on Wednesday, October 22nd. Finally, CIBC increased their price target on shares of Amazon.com to $315.00 in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $289.88.

Amazon.com Stock Up 9.6%

Shares of NASDAQ AMZN opened at $244.22 on Friday. Amazon.com has a 1 year low of $161.38 and a 1 year high of $250.50. The firm’s 50 day moving average price is $225.49 and its 200 day moving average price is $216.08. The firm has a market cap of $2.60 trillion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the business earned $1.43 earnings per share. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 95,411 shares of company stock valued at $21,222,702. Company insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its holdings in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after purchasing an additional 45 shares in the last quarter. Probity Advisors Inc. grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares in the last quarter. IMPACTfolio LLC grew its holdings in Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after purchasing an additional 45 shares in the last quarter. Finally, Union Savings Bank grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after purchasing an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.