Wells Fargo cuts target for Amazon.com stock to USD 329.00
Published on 10/14/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- On October 12, 2026, Wells Fargo lowered its Amazon target from USD 338.00 to USD 329.00.
- Amazon is expected to report October 29, 2026, with consensus revenue of USD 202.10 billion.
- Amazon.com stock costs EUR 232.73 at Lang & Schwarz on October 14, 2026 at 2:40 p.m. CEST, minus 0.18 percent versus the Xetra close of October 13, 2026, EUR 233.15.
- Amazon had a USD 2.8 trillion market capitalization and a P/E ratio of 20.80 on October 13, 2026.
Amazon.com Inc. (ISIN US0231351067) is facing a lower Wells Fargo price target, cut from USD 338.00 to USD 329.00 while the Overweight rating was maintained on October 12, 2026, according to Investing.com. Against the Nasdaq price of USD 258.58 on October 13, 2026, the new target lies 27.24 percent higher. At Lang & Schwarz, Amazon.com stock was trading at EUR 232.73 on October 14, 2026 at 2:40 p.m. CEST, minus 0.18 percent versus the Xetra close of October 13, 2026 at EUR 233.15.
Results are scheduled for October 29
Amazon is expected to report third-quarter 2026 results on October 29, 2026, after the market closes, according to MarketBeat. The consensus calls for revenue of USD 202.10 billion and earnings per share of USD 1.96, against USD 180.17 billion and USD 1.95 in the year-ago quarter.
The same MarketBeat report puts Amazon's latest reported second-quarter 2026 revenue at USD 200.61 billion and diluted earnings per share at USD 5.75. The upcoming release will therefore test whether the company's reported growth can keep pace with the higher spending required for cloud and artificial intelligence infrastructure.
EUR 232.73 stays below yearly high
The 52-week range for the euro listing was EUR 165.88 to EUR 249.00 on October 14, 2026. The Lang & Schwarz price stood 6.53 percent below the upper end, while the quoted volume for AMZ.DE was 4,955 shares.
On the Nasdaq, Amazon was last at USD 258.58 on October 13, 2026 at 4:00 p.m. ET. That level was below the USD 287.20 52-week high and above the USD 196.00 low recorded in the same quote series.
Valuation and peer comparison
Amazon's market capitalization was USD 2.8 trillion and its P/E ratio was 20.80 on October 13, 2026. The company operates across online retail, advertising, subscriptions and Amazon Web Services, placing its valuation between the larger Microsoft and Alphabet profiles on the figures below.
Comparison with peers
Amazon.com Inc.: minus 0.18 percent, P/E 20.80, market capitalization USD 2.8 trillion
Microsoft Corporation (NASDAQ, USD): plus 0.43 percent, P/E 30.28, market capitalization USD 4.0 trillion
Alphabet Inc. (NASDAQ, USD): plus 0.30 percent, P/E 17.55, market capitalization USD 4.3 trillion
The euro quote remains the reference
Amazon.com stock was trading at EUR 232.73 at Lang & Schwarz on October 14, 2026 at 2:40 p.m. CEST, minus 0.18 percent versus the Xetra close of October 13, 2026 at EUR 233.15. The comparison leaves the share below its 52-week high while the next scheduled earnings date provides the clearest near-term company event.
The further course of trading is shown by the continuously updated real-time quote of Amazon.com stock.
Amazon.com stock facts
- Company: Amazon.com, Inc.
- ISIN: US0231351067
- Ticker: AMZN
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 14, 2026, 2:40 p.m. CEST): EUR 232.73
- Change versus Xetra close of October 13, 2026: minus 0.18 percent
- Xetra close (October 13, 2026): EUR 233.15
- Market capitalization: USD 2.8 trillion (as of October 13, 2026)
- 52-week range: EUR 165.88-EUR 249.00 (as of October 14, 2026)
- Sector / Industry: Consumer Cyclical / Specialty Retail
- Index membership: S&P 500 and Nasdaq-100
- Next earnings date: October 29, 2026
Market context: Market report Nasdaq Composite.
