Evercore ISI Names Amazon and Expedia as Top Long Picks for 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
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Source: CNBC
- Optimistic Outlook for Amazon: Evercore ISI has named Amazon as its top large-cap pick for 2026, with analysts noting a positive shift in the AI narrative for Amazon Web Services and projecting significant free cash flow growth over the next two years, despite the stock's nearly 6% rise this year, lagging behind the Nasdaq's 21% gain.
- Valuation Potential for Expedia: Analysts highlight Expedia's lower earnings multiple compared to competitors, suggesting that its turnaround under new management is not fully reflected in its valuation; even though the stock surged over 54% in 2025, the average price target indicates a potential decline of more than 5%.
- Long-Term Opportunity in Zillow: Evercore ISI favors Zillow as a long-term investment in the SMID space, as the stock's approximately 25% pullback since September positions it well for recovery, with analysts expecting a rebound of over 25% after a more than 5% drop in 2025.
- Market Expectation Analysis: According to LSEG, analysts maintain buy ratings for both Amazon and Zillow, reflecting a growing optimism in the market regarding the future performance of these tech stocks, indicating a gradual recovery of investor confidence.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 241.730
Low
250.00
Averages
294.69
High
340.00
Current: 241.730
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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