Amazon, Intel, Coinbase Price Targets, October 30 2026
Amazon
Amazon runs the largest online store in the US and the Amazon Web Services cloud unit. It also sells ads and Prime memberships. The company is based in Seattle. It reported third-quarter results after the close on Thursday. Revenue came to $201.9 billion, 0.1% below the $202.1 billion consensus on StreetInsider. Earnings were $1.89 a share, 3.6% below the $1.96 expected. Net income was $20.7 billion, against $21.2 billion a year earlier. Amazon put the gap down to a $9.5 billion gain on its Anthropic stake in the year-ago quarter.
AWS revenue grew 39% to $46.0 billion. Ad revenue grew 11% to $19.6 billion. Operating income came to $28.1 billion, above the top of Amazon’s own $22.5 billion to $26.5 billion forecast. Capital spending reached $77.3 billion in the quarter, up from $35.1 billion. Free cash flow over twelve months was negative $42.4 billion. For the fourth quarter, Amazon guides to revenue of $240 billion to $247 billion. The midpoint sits 0.3% below the $244.3 billion consensus. Chief executive Andy Jassy cited a “$184 billion revenue run rate” for AWS.
Fifteen Desks Move on Amazon
Lloyd Walmsley of Mizuho kept Outperform and raised his target from $330 to $335 today, a Friday. Deepak Mathivanan of Cantor Fitzgerald kept Overweight and lowered his target from $310 to $280. Justin Post of BofA kept Buy and lowered his target from $320 to $317. Ken Gawrelski of Wells Fargo kept Overweight and lowered his target from $329 to $326. Justin Patterson of KeyBanc kept Overweight and lowered his target from $350 to $345.
Stephen Ju of UBS reiterated Buy with a $348 price target. Shyam Patil of Susquehanna reiterated Positive with a $325 price target. Mark Mahaney of Evercore ISI reiterated Outperform with a $355 price target. Dan Ives of Yorkville Ives reiterated Outperform with a $300 price target.
More Amazon Targets From Today
Eric Sheridan of Goldman Sachs kept Buy and lowered his target from $375 to $370. John Blackledge of TD Cowen kept Buy and lowered his target from $350 to $340. Maria Ripps of Canaccord reiterated Buy with a $330 price target. Brian Pitz of BMO kept Outperform and raised his target to $390. No free source gave his prior target. Josh Beck of Raymond James lowered his target from $300 to $250. Andrew Boone of Citizens lowered his target from $315 to $275. Neither rating was in a free source.
Four notes give their own reason. Mahaney wrote that “AWS accelerated for the sixth straight quarter to 39% Y/Y.” Patil pointed to “strong AI-driven demand for AWS offsetting some softness around Ads and 1P sales.” Ripps pointed to AWS “accelerating for a sixth consecutive quarter to its fastest pace in nearly five years,” per a post quoting the note. StreetInsider’s headline ties the Citizens cut to retail sales below expectations. The other six cuts came with no reason in any free source. Our guess, not taken from the notes: the more than doubling of capital spending and the negative free cash flow led them to trim their targets.
Amazon’s Record on AnaChart
Amazon draws 48 covering analysts on AnaChart. Their average target is $320.57, with a high of $400 and a low of $175. Ratings split 99.15% Buy and 0.85% Hold. AnaChart’s tracking shows 84.23% of Amazon targets get met, after about 303 days on average. Ju has met 70 of his 78 targets on the stock, with an average potential upside of 39.71%. Mathivanan has met 35 of 39, with an average potential upside of 18.13%.
Intel
Intel designs and makes processors for PCs and servers. It also builds chips for outside customers in its own factories. The company is based in Santa Clara, California. It reported third-quarter results after the close on Thursday. Revenue came to $16.5 billion, 0.12% above the $16.48 billion consensus. Adjusted earnings were $0.52 a share, 30% above the $0.40 expected. Data center chips led the beat. Revenue at the data center and AI unit reached $7.3 billion, nearly 80% higher than a year earlier. PC chip revenue shrank 5% to $8.1 billion.
The outlook came in light. Intel guides fourth-quarter revenue to $15 billion to $16 billion. The midpoint sits 9.3% below the $17.08 billion consensus. It sees adjusted earnings of about $0.25 a share, 43% below the $0.44 consensus. Intel blamed high memory prices, which are holding back PC demand. A shutdown at its Fab 28 plant in Israel should also cut about $300 million from fourth-quarter revenue.
Eleven Desks Weigh In on Intel
Vivek Arya of BofA downgraded Intel to Neutral from Buy and lowered the price target from $145 to $100 today. Suji Desilva of Roth Capital downgraded Intel to Neutral from Buy and lowered the price target from $120 to $70. C.J. Muse of Cantor Fitzgerald kept Neutral and lowered his target from $125 to $90. John Vinh of KeyBanc kept Overweight and lowered his target from $155 to $140.
Gus Richard of Northland kept Outperform and lowered his target from $120 to $93. James Schneider of Goldman Sachs reiterated Neutral with a $100 price target. Mark Lipacis of Evercore ISI reiterated Outperform with a $133 price target. N. Quinn Bolton of Needham reiterated Hold.
Felix Pan of KGI Securities upgraded Intel to Outperform. Jim Chang of Presidents Capital Management downgraded Intel to Neutral. Tristan Gerra of Baird lowered his target to $83. Their prior targets, and Gerra’s rating, were in no free source.
One note gives its own reason. Per StreetInsider’s headline on the Goldman note, Schneider still expects Intel to gain from growing server demand. StreetInsider’s headline on the Baird note cites “lower-than-expected fungibility.” The other downgrades and cuts gave no reason in a free source. Our guess, not taken from the notes: the fourth-quarter outlook, well under consensus on revenue and earnings, drove the downgrades and the lower targets.
Intel’s Record on AnaChart
Intel draws 33 covering analysts on AnaChart. Their average target is $96.57, with a high of $200 and a low of $30. Ratings split 69.53% Hold, 21.09% Buy and 9.38% Sell. AnaChart’s tracking shows 87.76% of Intel targets get met, after about 545 days on average.
Coinbase
Coinbase runs the largest US crypto exchange. It also earns interest on stablecoin reserves and sells a Coinbase One subscription. The company is based in Wilmington, Delaware. It reported third-quarter results after the close on Thursday. Revenue came to $1.22 billion, in line with the $1.2 billion consensus. Earnings were $2.51 a share, $2.77 or 1,065% above the expected loss of $0.26. A $715 million gain on crypto it holds for investment drove the beat. Adjusted net income was $77.7 million, 82% lower than a year earlier.
Total revenue shrank 35% from a year earlier. Transaction revenue shrank 44% to $590.2 million. Subscription and services revenue shrank 20% to $570.2 million. Coinbase said crypto price swings shrank 15% to multi-year lows, which held back trading. Prediction markets passed $200 million in annualized revenue. Through October 25, fourth-quarter transaction revenue stood at about $165 million.
Ten Desks Respond to Coinbase
Daniel Fannon of Jefferies kept Hold and lowered his target from $183 to $174 today. Daniel Welden of Wells Fargo kept Equal Weight and lowered his target from $200 to $174. Devin Ryan of Citizens reiterated Market Outperform with a $280 price target. Ramsey El-Assal of Cantor Fitzgerald reiterated Overweight with a $212 price target.
Mike Colonnese of HC Wainwright reiterated Buy with a $240 price target. Andrew Harte of BTIG reiterated Buy with a $240 price target. Hal Goetsch of B. Riley reiterated Neutral with a $203 price target.
John Todaro of Needham kept Buy and lowered his target from $205 to $197. Dan Dolev of Mizuho kept Neutral and lowered his target from $155 to $145. Joseph Vafi of Canaccord lowered his target to $275. His rating and prior target were in no free source.
None of the ten notes gave a reason in a free source this morning. Our guess, not taken from the notes: the 44% drop in transaction revenue led to the five cuts, while the others stayed put.
Coinbase’s Record on AnaChart
Coinbase draws 26 covering analysts on AnaChart. Their average target is $253.91, with a high of $400 and a low of $107. Ratings split 62.16% Buy, 28.83% Hold and 9.01% Sell. AnaChart’s tracking shows 68.58% of Coinbase targets get met, after about 155 days on average. Ryan has met 30 of his 36 targets on the stock, with an average potential upside of 56.08%. Harte has set 10 targets on the stock and none has been met yet.
What the Performance Matrix Shows
Intel has the best met ratio of the three, and Coinbase the lowest. A Coinbase target that gets met lands in about 155 days. An Intel target takes about 545. AnaChart’s first Amazon forecast dates to January 2007. Its first Coinbase forecast dates to April 2021.
AnaChart tracks every price target against what happened to the stock afterward, desk by desk and analyst by analyst. The ticker pages linked above break out each record by analyst, firm and year. AnaChart’s full data set holds more than 760,000 analyst calls on more than 9,000 tickers, active and delisted. More than 680,000 carry a price target and more than 730,000 carry a rating. It is the second largest database of its kind. The raw file is available through the AnaChart store.
The previous update covered Microsoft, Alphabet and ServiceNow on October 29.
