Alex Belov
Developers by oneinveststock.com. Analyst, investor
Amazon (AMZN) Stock Forecasts for 2023: Consensus Price $197
Amazon is the largest online portal that specializes in the sale of various goods and services. Amazon sells products from more than 50 different categories: electronics, clothing, shoes, sports goods, cosmetics, hygiene products, gadgets and much more. The company was founded in 1994. The headquarters is located in Seattle, Washington. The company’s new drivers of growth are the development of the Amazon Prime Video streaming service (a competitor to Apple TV). The service provides access to television programs, series and films. By the beginning of next year, the company plans to launch an online marketplace in 5 new countries around the world.
Over the past year, 73 analyst firms have published forecasts for Amazon (AMZN) stock for 2023. Most analysts recommend buying Amazon stock. On June 29, 2022, analysts at Tigress Financial set the latest price target for Amazon (AMZN) stock at $232 over the next 12 months. Taking into account all analysts’ forecasts, the average target price is $197 over 12 months.
Forecasts, Upside Potential for Amazon.com (AMZN) in the Next 12 Months
Amazon
AMZN
Price on June 30, 2022
$106.21
Consensus Rating = "Buy"
Lowest Price Target
$107
Average target price
$197
Maximum target price
$270
Amazon.com (AMZN) Stock Forecasts for 2023: Analysts Latest Price Targets
Analysts from Tigress Financial, JP Morgan, Redburn Partners, Wolfe Research and UBS have released their latest price targets.
FORECAST DATE: 06/29/2022
Analyst "Tigress Financial"
4.5/5
Consensus Rating = → Buy
Price Target Change for the next 12 months = → $232
Percent upside potential for stocks
118.44%
FORECAST DATE: 06/29/2022
Analyst "JP Morgan"
4.5/5
Consensus Rating = Overweight
Price Target Change for the next 12 months = $200 → $175
Percent upside potential for stocks
64.77%
FORECAST DATE: 06/29/2022
Analyst "Redburn Partners"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = → $270
Percent upside potential for stocks
154.21%
FORECAST DATE: 06/29/2022
Analyst "Wolfe Research"
4.5/5
Consensus Rating = Outperform
Price Target Change for the next 12 months = $145 → $140
Percent upside potential for stocks
31.81%
FORECAST DATE: 06/28/2022
Analyst "UBS"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $209 → $167
Percent upside potential for stocks
57.24%
FORECAST DATE: 06/24/2022
Analyst "Evercore ISI Group"
4.5/5
Consensus Rating = Outperform
Price Target Change for the next 12 months = $205 → $180
Percent upside potential for stocks
69.48%
FORECAST DATE: 06/14/2022
Analyst "Rosenblatt"
4.5/5
Consensus Rating = Neutral
Price Target Change for the next 12 months = → $107
Percent upside potential for stocks
0.74%
FORECAST DATE: 06/14/2022
Analyst "Goldman Sachs"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $185 → $170
Percent upside potential for stocks
60.06%
You must be logged in to post a comment