Garry Black, Managing Partner of The Future Fund LLC, highlighted Wall Street’s continued confidence in Amazon Inc. (NASDAQ:AMZN) despite the company’s disappointing revenue forecast for the first quarter of 2025.
What Happened: In a post on X today, Black noted that out of 84 analysts, 79 rated Amazon as a ‘Buy’. This comes despite the e-commerce giant’s revenue guidance for the first quarter of 2025 falling short of expectations.
Despite the weak guidance, several financial analysts have recently increased their price targets for Amazon, indicating a positive outlook for its future performance. Piper Sandler raised its target to $265 from $225, DA Davidson to $280 from $285, and Canaccord Genuity to $280 from $265, among others, as per Black’s post.
Although the initial response to the guidance was negative, this reaction from Wall Street analysts, as highlighted by Black, underscores the investment community’s belief in Amazon’s strategic investments in AI and cloud computing as key drivers for future revenue growth and margin improvements. The price target increases also underscores Wall Street’s focus on Amazon’s long-term growth potential rather than short-term revenue misses.
Amazon.com Inc has a consensus price target of $256.98 based on the ratings of 41 analysts, tracked by Benzinga Pro.
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
