What Analysts Think of Amazon Stock Ahead of Earnings

Amazon (AMZN) is slated to report its fourth-quarter results after the market closes Thursday, with analysts overwhelmingly bullish on the tech titan’s stock.

All 27 analysts covering the stock tracked by Visible Alpha have a “buy” or equivalent rating. Their consensus price target is about $259, about 9% above the stock’s intraday price Monday.

Jefferies recently called Amazon a top pick for enterprise artificial intelligence, reiterating a “buy” rating and $275 price target for the stock, pointing to growth from Amazon Web Services and advertising opportunities.

Amazon’s spending on AI could also be in focus after Chinese AI startup DeepSeek rocked markets last week, as claims that it developed an AI model rivaling those of American firms at a fraction of the cost raised concerns about Big Tech’s spending. When Microsoft (MSFT) and Meta (META) reported earnings last week, they stood by their aggressive spending plans.

Bank of America analysts said last week they see this as “AI’s Sputnik moment,” suggesting competition could push U.S. hyperscalers like Amazon, as well as Google parent Alphabet (GOOGL), to spend even more on AI.

Amazon is projected to report revenue of $187.44 billion, up 10% year-over-year, according to estimates compiled by Visible Alpha. Earnings are expected to come in a $16.02 billion, or $1.49 per share, up from $10.62 billion, or $1 per share, a year earlier. 

Shares of Amazon were little changed in intraday Monday at $237.87. The stock has gained nearly 40% over the past 12 months.