Investment bank lowers Amazon price target to $215, predicts positive Q1 results

From Yahoo Finance: 2025-04-10 14:39:00

Investment bank Piper Sandler lowered its price target on Amazon (AMZN) to $215 but maintained an Overweight rating. Piper expects Amazon to provide positive guidance for Q1 results, predicting $153 billion in sales. The bank also forecasts 17% revenue growth for Amazon Web Services in 2025. However, Piper reduced estimates for ad revenue and online store sales. Analysts expect Amazon’s 2025 earnings per share to be $6.32. Despite recent stock declines, Piper remains bullish on Amazon but believes AI stocks offer greater potential returns. The author owns shares of AMZN but does not plan to trade them in the next 48 hours.



Read more at Yahoo Finance: Amazon (AMZN) Price Target Slashed by Investment Bank, But Bullish Outlook Maintained