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Exploring Analyst Views on Shares of Amazon.com, Inc. (NASDAQ:AMZN)

admin 5 years ago 1

After a recent review, we have noted that shares of Amazon.com, Inc. (NASDAQ:AMZN) have an average target price of $2191.11. This is the consensus target price provided by analysts used by Zacks Research. Professional sell-side analysts that cover the stock are usually diligently monitoring the company to gauge future stock price movements. Price target projections can be calculated using alternate methods, and they can differ from one analyst to another. Many investors will track stock target prices, especially when analysts update their projections. 

Investors are always striving to make wiser decisions when it comes to handling the markets. There are so many options available, and that can make things more complex. Beginning with a solid approach can help ease the investor’s initial foray into the stock market. Accumulating market knowledge may take a lot of time and effort. Many investors may find out the hard way that there is no easy way to beat the markets. Many investors are teased with investment tips from friends or colleagues. It can be very tempting to take advice from someone who has a track record of beating the market. However, the old saying remains the same; past results may not indicate future results. Investors may find that doing their own research can provide a huge boost to portfolio performance.

Taking a look at the current consensus broker rating for Amazon.com, Inc. (NASDAQ:AMZN), we note that the ABR is 1.13. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 26.

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Investors may be following some historical price data on shares of Amazon.com, Inc. (NASDAQ:AMZN). Over the past 12 weeks, the stock has seen a change of 15.41%. If we go back to the beginning of the year, we can see that shares have changed 24.44%. Over the last 4 weeks, shares have seen a change of 0.39%. Over the last 5 trading sessions, the stock has moved -1.62%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $2039.51, and the 52-week low is currently $1343.96. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $1869 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 27 individual Wall Street analysts polled by Zacks Research, Amazon.com, Inc. (NASDAQ:AMZN) has a current quarter EPS consensus estimate of 5.28. For the prior reporting period, the company posted quarterly earnings per share of 7.09. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

When trading the stock market, investors constantly have to deal with volatility. There are many different reasons why markets may see increased volatility. Whether it is political change, economic events, or even natural disasters, there is always something brewing that has the ability to disrupt the market. When a big event happens, investors might be faced with challenges and be forced to react. Overreacting to market downturns may be common, but it may also hurt the health of the stock portfolio. When the stock market gets choppy and slides, investors may be tempted to quickly pull money out. Pulling out of positions based on specific events may be the right move sometimes, but investors may find that they missed out on gains that followed after a rebound. Staying disciplined and being prepared can help the investor ride out temporary market turbulence.

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