Amazon.com (AMZN) PT Lowered to $215 at Piper Sandler

Piper Sandler analyst Tom Champion lowered the price target on Amazon.com (NASDAQ: AMZN) to $215.00 (from $265.00) while maintaining a Overweight rating.

The analyst commented: "There are a lot of moving pieces with this name but simplistically we’re looking for 1Q revenue of $153BN and within the $151-$155BN guidance range (Street $155BN). We forecast AWS growth of 17% y/y (incline with Street). For 2Q we anticipate a Guidance range of $157-$162BN (6-10% y/y growth) and op income guidance of $14- $18BN. We did lower our ’25 ads revenue growth ~1% and online stores and 3P services. PT falls to $215 from $265, reiterate OW."

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