
Amazon (AMZN) Stock Forecast & Price Target
Amazon (AMZN) Analyst Ratings
Bulls say
Amazon.com continues to exhibit a strong financial outlook, marked by a robust 22% year-over-year growth in its backlog, which reached $200 billion, indicating sustained demand for its services. The company’s advertising revenue also displayed impressive growth at 22% in constant currency, alongside solid performance in retail with third-party sales increasing by 11% and online store sales rising 8% year-over-year. Additionally, Amazon Web Services (AWS) demonstrated significant resilience with a 20% year-over-year growth, coupled with strategic expansions and enhancements in capacity, further bolstering the company's competitive position as it approaches the holiday season.
Bears say
Amazon faces significant competitive challenges in both its cloud computing and online retail sectors, which may adversely affect its market position and growth prospects. The company reported a 9.7% margin in operating income, below expectations, primarily due to a $2.5 billion legal charge that influenced North America margins and further strained its financial performance. Additionally, the year-over-year decline in AWS operating margins, combined with risks from increased competition and macroeconomic pressures, raises concerns about the sustainability of Amazon's revenue growth and profitability moving forward.
This aggregate rating is based on analysts' research of Amazon and is not a guaranteed prediction by Public.com or investment advice.
Amazon (AMZN) Analyst Forecast & Price Prediction
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