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Amazon: Price Target Analysis and Market Outlook
Analyst Consensus and Price Forecasts
Recent price target analysis by 43 analysts indicates an average short-term target of $20,886 for Amazon. Furthermore, 46 analysts have provided 12-month price forecasts, yielding an average target of $19,311, with the lowest estimate being $1,235.95.
Market Performance and After-Hours Trading
As of 7:59 PM EDT on June 4, 2023, Amazon's stock was trading at $18,012.05 with a volume of 3,424,967 shares after-hours. This represents a gain of $50.028 (0.28%) from the closing price.
Upside Potential
Based on 42 Wall Street analysts' 12-month price targets provided within the past three months, Amazon has an average upside potential of around 10% from the current after-hours trading price. This indicates that analysts are generally optimistic about the company's future performance.
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