AMZN
A little more love, same old Amazon
Truist Financial gave Amazon a small confidence boost on Thursday, lifting its price target to $285 from $280 while sticking with a Buy rating. Not exactly a fireworks show, but on a mega-cap this big, a five-dollar target bump is still a vote of confidence.
Why the Street still likes the story
The new target implies roughly 14% upside from recent levels, and Amazon’s analyst crowd remains broadly friendly — the consensus target is around $287.38 with most analysts still in the bull camp. In other words: the Street is still treating Amazon like the cool kid at lunch, even if it’s been late to a couple of classes.
Under the hood: good revenue, slightly annoying EPS
The most recent quarter was a mixed cocktail. Amazon posted revenue of $213.39 billion, up 13.6% year over year, which is the kind of growth investors love to see from a company this massive. But EPS came in at $1.95, missing estimates by $0.02 — not a disaster, but also not the sort of thing that makes analysts start dancing.
The side quest: insider selling
There’s also the insider-selling chatter. CEO Andy Jassy and other insiders have sold shares over the past 90 days, and the article points to roughly 93,186 shares worth about $19.9 million. That doesn’t automatically mean trouble — executives sell for lots of reasons — but traders do tend to squint when insiders head for the exit.
Big picture: Amazon is still getting the “best-in-class” treatment from Wall Street, but with valuation, insider sales, and a few regulatory headaches floating around, the stock isn’t exactly cruising on autopilot.