Analyst Average Price Target on Amazon Runs 34% Over Spot Ahead of Earnings
What happened
The mean sell-side price target on Amazon is running about 34% over the current share price, according to figures cited by The Motley Fool, with the company scheduled to report quarterly results in four days. The spread between consensus targets and spot reflects where analyst estimates have settled in the run-up to the print. Results for the period have not yet been released.
The QL Read
No AMZN-specific QuantLogix signal data was supplied for this brief. What to watch: the earnings print itself — whether revenue and operating income guidance narrows or widens the distance between the stock and that 34% consensus target gap.
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