Analyst Consensus Target on Amazon Runs 34% Above Share Price Ahead of Earnings
What happened
Wall Street's average analyst price target for Amazon (AMZN) is currently positioned approximately 34% above where the stock is trading, with the company's quarterly earnings report scheduled four days out as of July 26. The figure reflects the average of sell-side analyst price targets tracked on the stock. Amazon has not yet reported its most recent quarterly results. The 34% spread between consensus target and market price represents a notable divergence heading into the print.
The QL Read
Note: source article covers AMZN; assigned ticker is GOOG, which carries a composite signal of 41/100 (Sell) against a flat day change. With 509 Strong Buys versus 190 Strong Sells in the current breadth read, watch whether pre-earnings analyst sentiment on mega-cap tech translates into signal movement for GOOG ahead of its own reporting cycle.