Wells Fargo & Company Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by equities researchers at Wells Fargo & Company from $305.00 to $307.00 in a report issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the e-commerce giant’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 18.59% from the stock’s current price.

Other analysts have also recently issued reports about the company. Wolfe Research dropped their target price on Amazon.com from $255.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. DA Davidson reaffirmed a “neutral” rating and issued a $175.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, April 10th. Moffett Nathanson upped their price target on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.21.

Amazon.com Trading Up 1.5%

NASDAQ:AMZN traded up $3.81 during trading hours on Friday, hitting $258.89. The company had a trading volume of 8,460,193 shares, compared to its average volume of 49,123,613. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $217.54 and a 200 day moving average of $225.95. The company has a market cap of $2.78 trillion, a P/E ratio of 36.11, a P/E/G ratio of 1.91 and a beta of 1.38. Amazon.com has a 1 year low of $178.85 and a 1 year high of $260.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 earnings per share. Sell-side analysts expect that Amazon.com will post 7.72 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 31,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $255.00, for a total transaction of $7,905,000.00. Following the transaction, the chief executive officer owned 2,207,118 shares of the company’s stock, valued at approximately $562,815,090. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at approximately $1,930,094.10. The trade was a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 124,186 shares of company stock worth $27,826,739 in the last quarter. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the company. Rexford Capital Inc. increased its holdings in Amazon.com by 5.9% during the 1st quarter. Rexford Capital Inc. now owns 5,069 shares of the e-commerce giant’s stock worth $1,056,000 after purchasing an additional 283 shares during the period. Trinity Street Asset Management LLP increased its holdings in Amazon.com by 4.1% during the 1st quarter. Trinity Street Asset Management LLP now owns 153,838 shares of the e-commerce giant’s stock worth $32,040,000 after purchasing an additional 6,037 shares during the period. Wealth Care LLC purchased a new stake in Amazon.com during the 1st quarter worth about $632,000. Severin Investments LLC increased its holdings in Amazon.com by 12.3% during the 1st quarter. Severin Investments LLC now owns 3,235 shares of the e-commerce giant’s stock worth $674,000 after purchasing an additional 355 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Amazon.com by 4.3% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 43,194 shares of the e-commerce giant’s stock worth $8,996,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: Meta signed a multiyear, multibillion-dollar agreement to run agentic AI workloads on AWS Graviton CPUs — “tens of millions of cores” — which materially boosts near‑ and medium‑term demand for AWS infrastructure and Graviton capacity. Meta strikes deal with Amazon’s cloud unit to use its CPU chips
• Positive Sentiment: Multiple brokerages (BMO, Bernstein, UBS, Arete, Sanford C. Bernstein, Oppenheimer, Cantor Fitzgerald) raised AMZN price targets and maintained buy/outperform ratings, citing AWS and AI momentum — a near‑term catalyst for further investor inflows. UBS maintains buy rating / price target update
• Positive Sentiment: Amazon’s expanded Anthropic partnership and related AI commitments continue to signal large, long‑duration AWS revenue and compute demand (analysts link this to >$100B of potential cloud spend). This reinforces the narrative that AWS is the primary earnings driver. Amazon deepens AI push with expanded Anthropic deal
• Neutral Sentiment: Amazon‑backed X‑Energy’s successful $1.02B IPO is a win for Amazon’s investment portfolio but has limited near‑term revenue impact on AMZN. Amazon-Backed X-Energy Raises $1.02 Billion in IPO
• Neutral Sentiment: Internal moves (AWS exec added to the S‑team, promotions) signal operational focus on cloud scale; positive for execution but not an immediate earnings driver. Amazon names AWS exec to S-team
• Negative Sentiment: Insider selling: Amazon’s CEO sold roughly $7.9M of stock — a modest red flag investors may watch for timing/intent, though not uncommon at this scale. Insider Selling: Amazon CEO Sells Stock
• Negative Sentiment: Regulatory/legal risk: California AG alleges Amazon pressured rivals on pricing; new filings amplify scrutiny and potential litigation/regulatory costs. This is a material downside risk if it escalates. California attorney general says Amazon used ‘intimidation’
• Negative Sentiment: Workforce and culture changes (stripping job titles to “builder” roles) have drawn media attention and could affect morale/retention — a softer operational risk to monitor. In two Amazon units, ‘builder’ replaces traditional job titles

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.