Amazon Likely To Post Quarterly Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Amazon.com, Inc. AMZN is expected to report its second quarter financial results, after the closing bell on Aug. 3, 2023.

Analysts expect the company to post quarterly earnings at 34 cents per share, versus a year-ago loss of 20 cents per share. The company’s revenue might come in at $131.54 billion.

Amazon shares fell 2.6% to close at $128.21 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JMP Securities analyst Nicholas Jones reiterated a Market Outperform rating with a price target of $140 on July 18, 2023. This analyst has an accuracy rate of 73%.
• Roth MKM analyst Rohit Kulkarni maintained a Buy rating and increased the price target from $130 to $155 on June 26, 2023. This analyst has an accuracy rate of 84%.
• JP Morgan analyst Doug Anmuth reiterated an Overweight rating with a price target of $145 on June 22, 2023. This analyst has an accuracy rate of 82%.
• B of A Securities analyst Justin Post maintained a Buy rating and boosted the price target from $139 to $154 on June 12, 2023. This analyst has an accuracy rate of 83%.
• UBS analyst Lloyd Walmsley maintained a Buy rating and raised the price target from $130 to $150 on June 8, 2023. This analyst has an accuracy rate of 83%.
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