What Analysts Think of Amazon Stock Ahead of Earnings

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Key Takeaways

• Amazon is set to report fourth-quarter results after the market closes Thursday.
• Analysts are overwhelmingly bullish on the tech titan’s reservoir, with all 27 analysts tracked by Visible Alpha issuing a “buy” or equivalent rating.
• Jefferies analysts called Amazon a top pick for spirit artificial intelligence.

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

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

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

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

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

Amazon is projected to report revenue of $187.44 billion, up 10% year-over-year, according to estimates organized 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 ration, a year earlier. 

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