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Bernstein Raises Amazon Price Target to $320 Amid Overvaluation Concerns

Guavy AI Editorial Team
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AMZN
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Amazon's stock has received an 'Outperform' rating from Bernstein analyst Mark L. Moerdler, who raised his price target to $320 from $315 in October 2023.

The slight increase in the price target reflects confidence in Amazon's ability to navigate the current market landscape and suggests potential for growth in its stock.

According to GuruFocus' GF Value™ calculation, Amazon is currently overvalued by 15.0%, with a value of $236.24 compared to its current price of $271.58.

The company's trailing P/E (TTM) stands at 21.85x, significantly lower than its 5-year median P/E of 50.63x, indicating that the stock may not be as overvalued as it appears when viewed through historical earnings.

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