Despite recent declines in share prices for Amazon and Alphabet, analysts predict significant price increases for both companies. Tigress Financial's Ivan Feinseth estimates a target price of $305 for Amazon, suggesting a 44% upside from its current price of $212, driven by its dominance in e-commerce and cloud services. Similarly, Paul Chew from Phillip Securities sets a target of $250 for Alphabet, representing a 45% upside from $172. These forecasts highlight the firms’ strong positions in their respective markets, leveraging growth in retail and AI infrastructure.
Amazon's growth is driven by its leading position in retail e-commerce, retail media, and cloud services, reflecting strong potential for future gains.
Analysts forecast significant upside for Amazon and Alphabet, with target prices suggesting substantial increases in market value over the next year.
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