AMZN Stock Quote: Real-Time Financial Information
46 Analysts Provide Price Forecasts
According to 46 analysts with 12-month price forecasts for Amazon stock, the average target price is $19,311. This indicates that analysts are overall bullish on the stock.
Quarterly Earnings Expectations
Analysts predict that Amazon will report revenues of $142.5 billion in Q1, a year-over-year increase. The company anticipates net sales between $125 billion and $130 billion for the third quarter, marking potential growth.
Market Reaction to Earnings Forecast
Following the announcement of Amazon's holiday forecast, the stock price dropped approximately 14% in after-hours trading on Thursday. This suggests that investors were anticipating stronger guidance from the company.
Conclusion
While Amazon's stock price has fluctuated recently, the ongoing growth in its core businesses and the company's future prospects continue to inspire confidence among analysts. Investors should monitor the company's performance closely to gauge its trajectory in the coming quarters.
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