Amazon: Wedbush raises target price
(CercleFinance.com) - Wedbush reiterates its 'outperform' rating on Amazon sheres, with a target price raised from $260 to $280 (NB: pmt $227, -3.
3%), expressing its constructive view on the company ahead of the release of the tech giant's quarterly results scheduled for 6 February.
A strong holiday season in the US and continued efficiency gains in the core distribution business should support margin expectations, despite short-term currency headwinds, the broker says.
Wedbush says that Amazon is on track to achieve an operating profit of around $68bn in 2024 (+85%) and in a position to outperform expectations again in 2025, with the broker expecting an operating profit 5% above consensus.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3%), expressing its constructive view on the company ahead of the release of the tech giant's quarterly results scheduled for 6 February.
A strong holiday season in the US and continued efficiency gains in the core distribution business should support margin expectations, despite short-term currency headwinds, the broker says.
Wedbush says that Amazon is on track to achieve an operating profit of around $68bn in 2024 (+85%) and in a position to outperform expectations again in 2025, with the broker expecting an operating profit 5% above consensus.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.