Wedbush Bullish on Amazon: Price Target Soars to $280 in Bold Market Move
Wall Street's getting loud about Amazon again—and this time Wedbush is turning up the volume.
The Numbers Don't Lie
That new $280 price target isn't just optimistic—it's a declaration of confidence in Amazon's continued dominance across cloud, e-commerce, and whatever sector they decide to conquer next. Because when you're Amazon, every market is your market.
Why Analysts Are Buzzing
Wedbush didn't just nudge their target—they launched it into orbit. The move signals deeper conviction in Amazon's ability to monetize everything from your grocery orders to your streaming habits. Because nothing says 'growth stock' like knowing what you'll buy before you do.
The Bigger Picture
While traditional retail stocks worry about holiday seasons, Amazon's playing 4D chess with global infrastructure. Their cloud division alone could probably run a small country—and charge it peak pricing during high-demand periods.
Another day, another price target hike—because in today's market, if you're not constantly revising upward, are you even trying? Though let's be honest—Wall Street analysts changing price targets is like meteorologists updating forecasts: professionally necessary, but we all know they're just guessing with better charts.
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Devitt explained that sentiment around Amazon cooled after its last report because AWS, its cloud computing division, grew slower than expected. Still, he argued that the company’s long-term growth story remains intact, thanks to a strong cloud backlog and its heavy investments in new data centers. He also highlighted the steady momentum in Amazon’s retail business and strength in advertising. As a result, Devitt projects third-quarter revenue of $179.37 billion, up 12.9% from last year and slightly above consensus estimates of $177.9 billion.
The analyst also pointed to several upcoming catalysts that could offset recent worries. To begin with, Amazon is working to cut retail costs through automation, which could improve efficiency and margins. In addition, the company may eventually generate revenue from Project Kuiper, its satellite internet unit. There is also speculation that Prime subscription prices could rise in the next year. Together, these factors could help Amazon stock outperform in the NEAR future.
What Is the Price Target for AMZN Stock?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Amazon stock based on 41 Buys assigned in the past three months. Furthermore, the average AMZN stock price target of $269.03 per share implies 19.9% upside potential from current levels.
