Amazon.com (NASDAQ:AMZN) Price Target Cut to $298.00 by Analysts at Wedbush

Amazon.com (NASDAQ:AMZN) had its price target dropped by stock analysts at Wedbush from $310.00 to $298.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Wedbush‘s target price suggests a potential upside of 24.78% from the stock’s current price.

Several other research firms also recently issued reports on AMZN. Cantor Fitzgerald decreased their price target on Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday. Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Yorkville Ives assumed coverage on shares of Amazon.com in a research report on Monday, October 19th. They issued an “outperform” rating and a $300.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.35.

Amazon.com Trading Down 2.0%

NASDAQ AMZN traded down $4.96 on Friday, hitting $238.83. 70,448,509 shares of the company were exchanged, compared to its average volume of 46,188,230. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com has a twelve month low of $196.00 and a twelve month high of $287.20. The firm has a market capitalization of $2.58 trillion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45. The company’s 50 day moving average price is $254.67 and its 200-day moving average price is $243.12.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. Analysts predict that Amazon.com will post 8.00 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 over the last ninety days. 8.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in AMZN. Silvant Capital Management LLC bought a new position in shares of Amazon.com in the second quarter valued at $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amazon.com in the second quarter valued at about $909,868,000. Northstar Financial Companies Inc. bought a new position in shares of Amazon.com during the second quarter valued at about $3,376,000. Gryphon Financial Partners LLC lifted its position in shares of Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after purchasing an additional 5,104 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS growth accelerated sharply. Amazon Web Services revenue increased 39% to approximately $46 billion, its fastest growth in nearly five years. Management expects AWS growth to exceed 40% in 2027 and 2028, supported by rising AI demand and improving cloud economics. Amazon Q3 Revenues Miss Estimates, AWS Growth Hits Near 5-Year High
• Positive Sentiment: Analysts remain broadly bullish. Canaccord Genuity, RBC, JPMorgan, Guggenheim and other firms maintained positive ratings, with price targets generally ranging from $275 to $335. Analysts point to AWS, AI services, Prime Video profitability and Amazon’s long-term infrastructure position as potential sources of upside. Analyst Reaffirms Buy on Amazon
• Positive Sentiment: New growth opportunities could expand Amazon’s AI ecosystem. Amazon plans to sell its Trainium AI chips to outside customers by late 2027, while its Leo satellite-internet service is expected to begin an initial rollout this year. Amazon Has Bigger Plans for AI Chips
• Neutral Sentiment: Generative AI is sending more shoppers to competing search and shopping tools, but research indicates Amazon still captures a majority of AI-assisted purchases, suggesting potential disruption to customer discovery without an immediate loss of transactions. Amazon Wins 59% of AI-Assisted Purchases
• Negative Sentiment: Amazon missed quarterly expectations. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue of $201.94 billion was slightly below consensus. Fourth-quarter sales guidance was also viewed as light, raising concerns about holiday demand and softer retail growth. Amazon Projects Fourth-Quarter Sales Below Estimates
• Negative Sentiment: The main investor concern is the scale and timing of AI spending. Amazon spent approximately $77.3 billion on property and equipment in the quarter, is maintaining a roughly $220 billion 2026 capital-expenditure plan, and reported a $42.4 billion trailing-12-month free-cash-flow loss. Rising debt and expectations for even higher 2027 spending have intensified worries that AI returns may take years to materialize. Amazon’s Record Margins Couldn’t Stop the Sell-Off

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.