Amazon.com, Inc. Stock 12‑Month Price Target Cut to $331.33, Implies 36% Upside

What happened

According to estimates from 62 analysts, Amazon.com, Inc. stock's average price target fell from $333.68 to $331.33, with forecasts ranging from $230 to $405 per share. Based on the Oct. 29 closing price, the updated target implies approximately 36% potential upside.

Confirmed

Global impact / market context

A lower average target means analysts on balance expect slightly less upside than before, though the small cut suggests views are broadly stable. The wide $230 to $405 range shows real disagreement about Amazon's future, so investors should treat the average as a rough guide, not a precise forecast.

Analyst inference

The consensus rating stays "Buy" across 70 covering analysts, split into 68 Buys and 2 Holds, so most still expect gains. A falling target alongside a mostly Buy rating suggests analysts trimmed expectations rather than changed their view, which may keep investor positioning broadly positive on Amazon.

Analyst inference

What to watch

1. Watch whether the 62-analyst average target keeps falling from $331.33 or stabilizes, since further cuts would signal lowering expectations for Amazon's future share price. Confirmed
2. Watch whether the 70 covering analysts change their ratings from 68 Buys and 2 Holds, because a shift toward Holds would suggest growing doubt about Amazon's prospects. Proposed
3. Watch the gap between the low $230 and high $405 targets, since a widening spread would signal analysts disagree more about Amazon's revenue, costs, and profit outlook. Analyst inference

Evidence

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