UPDATE: Amazon.com (AMZN) PT Lowered to $3,450 at BMO Capital After Margin Expansion is Pushed Out
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Go back to UPDATE: Amazon.com (AMZN) PT Lowered to $3,450 at BMO Capital After Margin Expansion is Pushed Out
May 2, 2022 7:02 AM EDT
Amazon (NASDAQ: AMZN) Removed from Wedbush Best Ideas List
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April 29, 2022 8:40 AM EDT
Jefferies analyst Brent Thill lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $4,000.00) while maintaining a Buy rating.
The analyst commented, "Elevated costs constrained Op Income and overshadowed another quarter of solid momentum at AWS. We believe the market needs... More
April 29, 2022 7:12 AM EDT
Rosenblatt analyst Barton Crockett lowered the price target on Amazon.com (NASDAQ: AMZN) to $2,900.00 (from $3,000.00) while maintaining a Neutral rating.
The analyst commented, "Amazon.com's impressively large operating losses in its non-AWS segments in 1Q22 are largely transitional. Amazon makes a persuasive argument for $4... More
April 29, 2022 5:52 AM EDT
Shares of Amazon (NASDAQ: AMZN) are down nearly 9% after the company reported weaker-than-expected Q1 2022 EPS and a disappointing revenue outlook.
Amazon reported adjusted EPS of $7.38 per share in the first quarter, missing the consensus estimates of $8.36 per share, according to Refinitiv. Revenue came in at $116.44 billion, compared to the analyst estimates of $116.3 billion. Amazons revenue grew 7% in the first quarter, compared to 44% growth in the year-ago period.
Amazon Web Services (AWS) generated $18.44 billion during the period, topping the consensus projection of... More
