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Amazon Stock Holds Above $254 as Earnings Exceed Expectations

Guavy AI Editorial Team
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AMZN
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Amazon.com stock maintained its position above USD 254 on Nasdaq after releasing its quarterly earnings report. The company's revenue reached USD 200.61 billion, a 19.6 percent increase from the same quarter last year.

The reported net profit for the period was USD 62.65 billion, compared to USD 18.16 billion in the prior year. Earnings per share (EPS) came in at USD 5.75, surpassing the consensus estimate of USD 1.82 by USD 3.93.

Pivotal Research maintained a Buy rating and set a price target of USD 333.00 for Amazon stock. Meanwhile, analyst expectations remain higher than the current opening price, with the average target at USD 321.19 and the consensus rating at Moderate Buy.

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