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It looks like target price adjustments for Amazon stock are continuing among analysts. There was news that Loop, Loss, and Bankrate have rechecked their price targets. As a benchmark, it seems they’re looking at a range of between $285 and $360.
However, since the current stock price is trading around $249, there is still room to reach the target price. According to TipRanks data, the average target among 45 analysts is around $284.65. In other words, when looking from the vicinity of $249, there’s at least more than $30 of upside potential.
In situations like this, it’s also important to see whether the price targets from multiple analysts align. This time, a fairly large number of pros are suggesting similar levels, so it’s likely a prediction with some basis.