Wall Street sets Amazon stock price target for next 12 months

Core Viewpoint - Amazon received a bullish outlook from Bernstein, with a 'Buy' rating and a 12-month price target of $265, representing a 30% increase from the current level of $203.59 [1][2] Group 1: Analyst Ratings and Price Targets - Bernstein analyst Mark Shmulik reiterated a 'Buy' rating for Amazon, setting a price target of $265, which is a downgrade from the previous target of $300 [2] - Wall Street analysts have an average price target of $282.14 for Amazon, indicating a potential upside of 37.77% from the current price of $204.79 [10] - The highest price target among 44 analysts is $325, while the lowest is $175, reflecting a range of expectations for Amazon's stock performance [10] Group 2: Market Performance and Sentiment - Amazon's stock has experienced a decline of 11.87% over the last month and 11.82% year-to-date [4] - Despite recent stock market troubles, Wall Street maintains a generally optimistic outlook for Amazon, with a predicted 38% rally for the stock [9] - The stock is considered oversold, with a 10.19% decline over the past 12 months, despite a rally in the second half of 2025 [7] Group 3: Institutional Actions - Warren Buffett reduced his Amazon stock position by approximately $1.7 billion, nearly 80%, during his final quarter as CEO of Berkshire Hathaway [8]