Analysts remain strongly bullish on Amazon stock. Of 50 ratings, 46 are Buy or Strong Buy, and three others are at Hold. At a recent price of around $102.50 a share, the upside potential based on a median price target of $135.00 is 31.7%. At the high price target of $220.00, the upside potential is nearly 115%.
Analysts are looking for first-quarter revenue of $124.57 billion, which would be down 16.5% sequentially but up 7% year over year. Adjusted EPS are expected to be $0.22, up from three cents in the prior quarter and up from a loss per share of $0.38 in the year-ago quarter. For the full 2023 fiscal year, Amazon is expected to post EPS of $1.43, compared to last year’s loss of $0.27 per share, on sales of $557.02 billion, up 8.4%.
Amazon stock trades at 71.7 times expected 2023 EPS, 40.9 times estimated 2024 earnings of $2.51 and 28.9 times estimated 2025 earnings of $3.55 per share. The stock’s 52-week trading range is $81.43 to $146.57. Amazon does not pay a dividend. Total shareholder return over the past 12 months was negative 29.78%.
First Solar
Solar energy provider First Solar Inc. (NASDAQ: FSLR) has had a share price gain of 191% over the past 12 months. For the year to date, shares are up nearly 41%, and for the past six months, they are up nearly 66%. A recent analyst report that reduced the company’s rating to Sell has shaved about 4% from the share price over the past five trading sessions. First Solar issued seriously upbeat guidance, largely as a $600 million to $710 million boost from tax credits available under the Inflation Reduction Act. We are all about to see how that is working out for the company.
There are 27 analysts covering the stock, and 14 rate it at Buy or Strong Buy. Ten more have Hold ratings. At a share price of around $210.50, the implied upside on the stock at a median price target of $224.50 is 6.7%. At the high price target of $260.00, upside potential is 23.5%.
For the company’s first quarter, analysts are forecasting revenue of $716.66 million, a decrease of 28.5% sequentially but up 95.3% year over year. Adjusted EPS are expected to come in at $0.95, compared to a prior quarter loss of $0.07 and a year-ago quarterly loss of $0.42. For the full 2023 fiscal year, the revenue estimate is $3.5 billion, up 33.6%, and the EPS estimate is $7.25, compared to a year-ago loss of $2.79 per share.
First Solar stock trades at 29.0 times expected 2023 EPS, 15.8 times estimated 2024 earnings of $13.37 and 10.4 times estimated 2025 earnings of $20.33 per share. The stock’s 52-week range is $59.60 to $221.88. The company does not pay a dividend. Total shareholder return over the past 12 months was 190.59%.
Intel
Shares of Intel Corp. (NASDAQ: INTC) have dropped by more than 38% over the past 12 months. The bar is set so low for the company’s first quarter that anything other than a decent beat is likely to send shares lower.
Demand for Intel’s newest server chip, called Sapphire Rapids, reportedly has been weak, and the new PC processors due out this quarter will not be used for high-performance systems, according to other reports. Some analysts expect the company’s first-quarter results to be worse than the dreadful fourth-quarter numbers. Others think the chipmaker has at least begun to turn the corner. We do not have much longer to wait to find out.
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