TD Cowen Reaffirms Buy Rating for Amazon with $350 Price Target
On October 5, 2026, TD Cowen reaffirmed its 'Buy' rating for Amazon.com (AMZN) with a maintained price target of $350.00. Analyst John Blackledge's rating reflects confidence in Amazon's ability to sustain its growth trajectory despite market fluctuations. The company's diverse revenue streams, including e-commerce and cloud computing, are expected to drive future profitability, supporting the optimistic outlook.
The GF Value™ analysis indicates that Amazon's stock is currently trading at a slight premium of 0.5%, with an intrinsic value of $250.18. While the stock is fairly valued, there is minimal margin for safety for new investors. Amazon's P/E ratio (TTM) stands at 20.23x, significantly lower than its 5-year median P/E of 48.66x, suggesting potential undervaluation based on earnings potential.
Amazon's GF Score™ of 93/100 highlights strong overall performance, particularly in growth (10/10) and profitability (8/10). However, its financial strength is rated at 7/10, indicating areas for improvement. The company's market capitalization of approximately $2.71 trillion underscores its dominant position in the Consumer Cyclical sector.
Recent insider activity shows that 25 insiders sold shares worth $364,785,035 in the last three months, which may warrant caution. Despite this, 51 gurus hold shares of Amazon, with 23 adding to their positions and 25 trimming their holdings, reflecting mixed sentiment among institutional investors.