Amazon.com (NASDAQ:AMZN) Price Target Raised to $298.00 at Bank of America

Amazon.com (NASDAQ:AMZN) had its price objective lifted by Bank of America from $275.00 to $298.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

A number of other research firms have also weighed in on AMZN. DZ Bank raised Amazon.com to a “strong-buy” rating in a research report on Friday, February 6th. Wedbush decreased their target price on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Roth Mkm reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, April 14th. Citizens Jmp reissued a “market outperform” rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, April 10th. Finally, Benchmark restated a “buy” rating on shares of Amazon.com in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.30.

Amazon.com Trading Down 0.9%

Shares of AMZN stock opened at $248.28 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a market capitalization of $2.67 trillion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company has a 50 day moving average price of $214.55 and a 200 day moving average price of $225.33. Amazon.com has a fifty-two week low of $165.29 and a fifty-two week high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). The business had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 earnings per share. Equities research analysts predict that Amazon.com will post 7.76 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 93,186 shares of company stock valued at $19,921,739 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently added to or reduced their stakes in AMZN. American Capital Advisory LLC increased its holdings in shares of Amazon.com by 63.9% in the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock valued at $1,774,000 after purchasing an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Amazon.com during the third quarter worth about $451,642,000. Ethos Financial Group LLC boosted its holdings in Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after buying an additional 3,196 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock worth $52,667,000 after buying an additional 4,558 shares during the period. Finally, Wealthfront Advisers LLC grew its position in Amazon.com by 3.9% during the third quarter. Wealthfront Advisers LLC now owns 1,145,151 shares of the e-commerce giant’s stock worth $251,441,000 after buying an additional 42,707 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon agreed to invest now and potentially up to $25 billion in Anthropic, while Anthropic committed to spend more than $100 billion on AWS over the next decade (including up to 5GW of compute). This is a large, multi-year revenue pipeline for AWS and strengthens Amazon’s position in the AI infrastructure race. Anthropic takes $5B from Amazon and pledges $100B in cloud spending in return
• Positive Sentiment: Wall Street responded: KeyBanc and Bank of America raised price targets (KeyBanc to $325, BofA to $298), highlighting expectations that Anthropic-driven AI demand will accelerate AWS revenue and justify higher valuations ahead of earnings. Amazon Bulls Get Fresh Ammo As Analyst Flags AWS, Retail Upside
• Positive Sentiment: Market reaction was immediate: shares jumped on the expanded Anthropic deal in after-hours trade, reflecting investor focus on durable, high‑margin cloud contracts and AI tailwinds for upcoming quarterly results. Amazon Stock Jumps On Expanded Deal With Anthropic
• Neutral Sentiment: AWS continues to expand product lines (example: Amazon Bio Discovery for drug R&D), which diversifies AI monetization paths but will take time to scale into material profit. This is constructive long-term but less immediately earnings‑sensical. AWS Launches Amazon Bio Discovery to Speed AI Drug Development
• Neutral Sentiment: Amazon’s satellite/Globalstar moves expand addressable markets (direct-to-device connectivity) but add near-term capital intensity—an investor tradeoff between strategic optionality and higher capex. Amazon (AMZN) Price Target Lowered As CapEx Expected To Peak
• Negative Sentiment: Regulatory/legal risk rose after California’s attorney general filed new court evidence alleging Amazon pressured brands to raise competitors’ prices — a high‑profile antitrust allegation that could mean fines, remedies, or business-model constraints if proven. California Accuses Amazon of Price Fixing in Legal Filing
• Negative Sentiment: Amazon pushed back publicly, calling the AG’s filing a distraction, but litigation uncertainty remains and could weigh on investor sentiment until the case resolves. Amazon Dismisses New Evidence in California Antitrust Suit

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.