Elon Musk posted on X today that “Starlink now has 11k satellites in orbit”, quote-posting a SpaceX update about a Falcon 9 launching 29 Starlink satellites from Florida.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Amazon's shares have underperformed the S&P 500 index in recent months, setting up a very attractive buying opportunity. Its mix of double-digit percentage e-commerce/Ads/subscription net sales growth and accelerating AWS sales/custom silicon net sales bodes well for the future. Amazon concluded Q2 2026 with a net debt balance of $5.9 billion.
A local ordinance would ban the online retailer and similar businesses from using subcontractors for its deliveries.
Amazon has launched an education program for college students centered around its cloud computing business. Student Rewards on AWS (Amazon Web Services) Builder Center, gives students access to earn AWS, 12 months of premium Skill Builder, and an AWS Certification Foundational exam voucher as they learn, build and connect in the community, the company announced Thursday (Aug. 20).
For well over a decade, Amazon has been promising that the future of shopping would arrive from above. Now, after years of regulatory battles, technical setbacks and relatively small delivery numbers, Amazon boss Jeff Bezos' vision is finally beginning to look less like science fiction.
Delta Air Lines chose Amazon Leo for its in-flight WiFi instead of Starlink. Elon Musk has frequently criticized the decision and said Delta would lose customers.
Customers could receive the drone deliveries in as fast as 30 minutes, Amazon said in a news release.
AI is coming to your TV, whether you want it or not.
Amazon announced Wednesday a major expansion of Amazon Prime Air, its drone delivery service, with plans to reach nearly 500 U.S. cities by the end of 2026. This marks a significant milestone as it expands the service's footprint by roughly six times its current reach.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.6% in Amazon (AMZN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Our 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $341.77, implying 31.73% upside from the current $259.45.