Fintel reports that on October 11, 2024, Pivotal Research initiated coverage of Amazon.com (NasdaqGS:AMZN) with a Buy recommendation.
Analyst Price Forecast Suggests 18.14% Upside
As of September 25, 2024, the average one-year price target for Amazon.com is $223.06/share. The forecasts range from a low of $181.80 to a high of $278.25. The average price target represents an increase of 18.14% from its latest reported closing price of $188.82 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Amazon.com is 658,399MM, an increase of 8.95%. The projected annual non-GAAP EPS is 3.18.
What is the Fund Sentiment?
There are 6,847 funds or institutions reporting positions in Amazon.com. This is an increase of 117 owner(s) or 1.74% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 2.50%, an increase of 2.24%. Total shares owned by institutions increased in the last three months by 3.21% to 7,337,459K shares. 
The put/call ratio of AMZN is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 295,886K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 293,875K shares , representing an increase of 0.68%. The firm increased its portfolio allocation in AMZN by 4.90% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 235,043K shares representing 2.24% ownership of the company. In its prior filing, the firm reported owning 230,356K shares , representing an increase of 1.99%. The firm increased its portfolio allocation in AMZN by 3.48% over the last quarter.
Geode Capital Management holds 193,369K shares representing 1.84% ownership of the company. In its prior filing, the firm reported owning 187,843K shares , representing an increase of 2.86%. The firm increased its portfolio allocation in AMZN by 4.66% over the last quarter.
Price T Rowe Associates holds 181,610K shares representing 1.73% ownership of the company. In its prior filing, the firm reported owning 189,705K shares , representing a decrease of 4.46%. The firm increased its portfolio allocation in AMZN by 0.13% over the last quarter.
Jpmorgan Chase holds 172,868K shares representing 1.65% ownership of the company. In its prior filing, the firm reported owning 171,742K shares , representing an increase of 0.65%. The firm increased its portfolio allocation in AMZN by 4.72% over the last quarter.
Amazon.com Background Information
(This description is provided by the company.)
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
