Fintel reports that on October 19, 2023, Oppenheimer reiterated coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation.

Analyst Price Forecast Suggests 35.35% Upside

As of October 5, 2023, the average one-year price target for Amazon.com is 173.42. The forecasts range from a low of 129.28 to a high of $241.50. The average price target represents an increase of 35.35% from its latest reported closing price of 128.13.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Amazon.com is 575,744MM, an increase of 7.01%. The projected annual non-GAAP EPS is 1.72.

• For more in-depth coverage of Amazon.com, view the free, crowd-sourced company research report on Finpedia.

What is the Fund Sentiment?

There are 6081 funds or institutions reporting positions in Amazon.com. This is an increase of 108 owner(s) or 1.81% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 2.16%, an increase of 13.57%. Total shares owned by institutions increased in the last three months by 2.03% to 6,773,148K shares. The put/call ratio of AMZN is 0.86, indicating a bullish outlook.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 272,001K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 269,629K shares, representing an increase of 0.87%. The firm increased its portfolio allocation in AMZN by 17.47% over the last quarter.

Price T Rowe Associates holds 216,527K shares representing 2.10% ownership of the company. In it's prior filing, the firm reported owning 189,282K shares, representing an increase of 12.58%. The firm increased its portfolio allocation in AMZN by 203.20% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 212,535K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 208,025K shares, representing an increase of 2.12%. The firm increased its portfolio allocation in AMZN by 16.79% over the last quarter.

Geode Capital Management holds 170,152K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 165,309K shares, representing an increase of 2.85%. The firm increased its portfolio allocation in AMZN by 17.51% over the last quarter.

Jpmorgan Chase holds 134,807K shares representing 1.31% ownership of the company. In it's prior filing, the firm reported owning 134,757K shares, representing an increase of 0.04%. The firm increased its portfolio allocation in AMZN by 12.62% 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.