Maxim Group analyst Tom Forte has maintained their bullish stance on AMZN stock, giving a Buy rating yesterday.
Tom Forte has given his Buy rating due to a combination of factors that highlight Amazon’s strong performance and strategic initiatives. The company reported impressive first-quarter results for 2025, with sales and earnings before interest and taxes (EBIT) surpassing expectations. This performance underscores Amazon’s ability to maintain growth momentum despite challenges in the market.
Furthermore, Amazon’s management has demonstrated a commitment to long-term investments in artificial intelligence and logistics, while also maintaining a disciplined approach to costs. The company’s proactive measures to address tariff-related challenges, such as forward-buying inventory and leveraging its extensive seller base, position it well to manage potential cost increases. Although the price target has been adjusted downward, the stock’s current trading multiple suggests a discount compared to its big-tech peers, reinforcing the Buy recommendation.
According to TipRanks, Forte is a 5-star analyst with an average return of 7.8% and a 44.40% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Beyond Inc, Amazon, and Jakks Pacific.
In another report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $245.00 price target.