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On Friday, Goldman Sachs reaffirmed its positive stance on Amazon.com (NASDAQ:AMZN) with a Buy rating and a $220.00 price target. According to InvestingPro data, Amazon currently trades at $190.20, with analysts’ targets ranging from $195 to $287, suggesting significant upside potential. The company maintains a strong "GOOD" Financial Health score of 2.99 out of 5, reflecting its robust market position. The investment firm’s analysis followed Amazon’s first-quarter earnings report for 2025, which highlighted several key observations. Amazon addressed the potential impact of global trade policy changes on its operations, emphasizing its commitment to creating long-term value for customers and supporting sellers through any disruptions.
The e-commerce giant reported solid consumer demand on its platform, with first-quarter results slightly exceeding the upper end of its revenue and operating income guidance. With trailing twelve-month revenue of $638 billion and an impressive 11% year-over-year growth, Amazon continues to demonstrate its market dominance. Furthermore, Amazon’s guidance for second-quarter revenue was above analysts’ expectations at the high end. Want deeper insights? InvestingPro subscribers have access to over 10 additional exclusive tips and comprehensive financial analysis. However, the company’s North American profitability in the first quarter fell short of forecasts, and the high-end guidance for second-quarter operating income was slightly below analysts’ predictions.
Amazon Web Services (AWS) showcased a 17% year-over-year revenue growth in the first quarter, which was viewed more positively than anticipated. Amazon also indicated that new capacity additions in the second half of 2025 are expected to bolster AWS revenue growth.
Despite near-term expectations for Amazon’s shares to potentially remain within a certain range as investors assess consumer spending trends and the implications of global trade policies on costs, Goldman Sachs expressed a long-term constructive outlook on the stock. Based on InvestingPro’s Fair Value analysis, Amazon currently appears slightly undervalued, with a strong Piotroski score of 7 indicating robust financial strength. Discover comprehensive valuation metrics and expert analysis in the exclusive Pro Research Report, available for over 1,400 top US stocks. The firm reiterated its Buy rating and maintained its 12-month price target of $220, citing Amazon’s ability to deliver a strong combination of compounded revenue growth and operating margin expansion while continuing to invest in long-term growth initiatives.
In other recent news, Amazon.com has reported a mixed outlook for its financial performance, which has led to various adjustments by analysts. Stifel analysts have lowered Amazon’s price target to $245 while maintaining a Buy rating, citing mixed first-quarter results and slightly below-expectation performance in Amazon Web Services (AWS). BofA Securities increased Amazon’s price target to $230, also maintaining a Buy rating, noting the company’s stable performance despite AWS losing some traction to Microsoft (NASDAQ:MSFT)’s Azure. Morgan Stanley (NYSE:MS) has kept an Overweight rating with a $250 price target, highlighting Amazon’s potential for retail market share gains but expressing caution due to uncertainties surrounding China tariffs.
HSBC reduced its price target for Amazon to $240, yet reaffirmed a Buy rating, pointing out the company’s resilience amid tariff challenges and the significant role of AWS in its valuation. Amazon’s recent announcement of a weaker-than-expected outlook for operating income and a challenging business climate has also contributed to these analyst adjustments. The company has warned of potential cost increases due to planned U.S. tariffs on foreign imports. Despite these challenges, analysts remain generally optimistic about Amazon’s strategic position and potential for growth.
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