Wall Street Analysts Maintain Bullish Outlooks on Amazon With Price Targets Reaching $385

Wall Street analysts forecast significant upside for Amazon.com, Inc. following recent stock pullbacks to $255.39, down over 11% from its prior all-time high. Susquehanna analyst Shyam Patil reiterated a Positive rating and a $325.00 price target, implying a 27.26% upside based on encouraging channel checks, retail network efficiencies, advertising growth, and robust cloud demand. Meanwhile, Tigress Financial analyst Ivan Feinseth raised his price target from $315 to $385 with a 'Buy' rating. Across 42 analysts surveyed by TipRanks, Amazon's average 12-month price target stands at $333.18.