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AMZN Price Prediction: Five Analysts Cut Targets in Unison but Hold Bullish Ratings While Shares Sit Below Every Key Moving Average

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AMZN Price Prediction: Five Analysts Cut Targets in Unison but Hold Bullish Ratings While Shares Sit Below Every Key Moving Average

On October 30, 2026, five sell-side desks simultaneously lowered their price targets for Amazon.com (NASDAQ: AMZN) while unanimously maintaining positive ratings. Binance Futures data places AMZN a...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

On October 30, 2026, five sell-side firms published revised research on Amazon.com (NASDAQ: AMZN) on the same trading day, and every one of them lowered its price target while leaving its rating unchanged. Morgan Stanley cut from $350 to $335, retained Overweight, and kept Amazon as a top pick; the firm identified planned third-party sales of Amazon's Trainium chips as a prospective driver of profitable growth. Goldman Sachs analyst Eric Sheridan trimmed from $375 to $370 and reiterated Buy. Barclays analyst Ross Sandler reiterated a bullish stance at a $365 target, recorded as Buy by TipRanks. Scotiabank reduced from $325 to $300 and held Sector Outperform. Wedbush made the steepest nominal cut — from $310 to $298 — while maintaining Outperform.

Every firm moved its number lower; not one moved its rating. That divergence between revised targets and intact ratings suggests a recalibration of near-term numerical assumptions rather than any erosion of conviction in the underlying investment thesis. The available evidence does not identify a single shared catalyst that triggered five simultaneous revisions on October 30, so attributing a common driver would be speculative. What the data does show is a target range stretching from $298 at the low end to $370 at the high end — meaningful dispersion in how each desk prices Amazon's forward prospects relative to where shares trade today.


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