11:24 AM EST, 01/27/2025 (MT Newswires) -- Amazon.com ( AMZN ) is positioned to "outperform" expectations again in 2025, while its Q4 is set to benefit from a strong holiday period in the US and continued efficiency gains within its core retail business, Wedbush Securities said in a Monday note.

Wedbush raised its 4Q operating income estimate for Amazon ( AMZN ) to $20.7 billion, from $19.9 billion, and said it also expects the company to outperform initial expectations for 2024 operating income by over 40%. According to Wedbush, Amazon ( AMZN ) is on track to report about $68 billion in 2024 operating income.

The investment firm also raised its Q4 revenue forecast for the company to $188.07 billion, from $187.25 billion previously, according to the note. For Q1, Wedbush estimates $18.8 billion in operating income.

Amazon.com ( AMZN ) is set to release its Q4 results on Feb. 6.

Wedbush Securities reiterated its outperform rating on Amazon ( AMZN ), with a higher price target of $280 from $260.

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