Amazon Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Benzinga Earnings10-29 20:12

Amazon.com, Inc. (NASDAQ:AMZN) will release earnings for its third quarter after the closing bell on Thursday, Oct. 29.

Analysts expect the Seattle, Washington-based company to report quarterly earnings of $1.96 per share, up from $1.95 per share in the year-ago period. The consensus estimate for AMZN’s quarterly revenue is $202.24 billion. It reported $180.17 billion last year, according to Benzinga Pro.

Amazon CEO Andy Jassy said AI inference remains roughly 10 times too expensive for widespread use in business software, and believes Amazon’s own chips could help bring costs down.

Shares of Amazon rose 0.6% to close at $254.60 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • UBS analyst Stephen Ju maintained the stock with a Buy rating and boosted the price target from $318 to $348 on Oct. 26, 2026. This analyst has an accuracy rate of 74%.
  • Morgan Stanley analyst Brian Nowak maintained the stock with an Overweight rating and raised the price target from $335 to $350 on Oct. 19, 2026. This analyst has an accuracy rate of 70%.
  • Wells Fargo analyst Ken Gawrelski maintained the stock with an Overweight rating and slashed the price target from $338 to $329 on Oct. 12, 2026. This analyst has an accuracy rate of 62%.
  • Cantor Fitzgerald analyst Deepal Mathivanan maintained an Overweight rating and cut the price target from $320 to $310 on Oct. 12, 2026. This analyst has an accuracy rate of 72%.
  • Tigress Financial analyst Ivan Feinseth maintained the stock with a Buy rating and increased the price target from $315 to $385 on Oct. 6, 2026. This analyst has an accuracy rate of 70%.

Considering buying AMZN stock? Here’s what analysts think:

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