Amazon (AMZN) Stock Falls 9% on Weak Sales Outlook, Analysts Lower Price Targets

Amazon (AMZN) Removed from Wedbush Best Ideas List

Amazon (NASDAQ: AMZN) Removed from Wedbush Best Ideas List

Amazon.com (AMZN) PT Lowered to $3,700 at Jefferies

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

Amazon.com (AMZN) PT Lowered to $2,900 at Rosenblatt

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

Amazon.com (AMZN) PT Lowered to $3,500 at Needham & Company

Needham & Company analyst Laura Martin lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,500.00 (from $4,150.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $3,400 at Telsey

Telsey analyst Joseph Feldman lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,400.00 (from $3,850.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $3,700 at Credit Suisse

Credit Suisse analyst Stephen Ju lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $4,100.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $4,000 at JPMorgan

JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,000.00 (from $4,500.00) while maintaining a Overweight rating.... More

Amazon.com (AMZN) PT Lowered to $4,185 at UBS

UBS analyst Lloyd Walmsley lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,185.00 (from $4,550.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $3,750 at Baird

Baird analyst Colin Sebastian lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,750.00 (from $4,000.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $4,250 at Cowen

Cowen analyst John Blackledge lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,250.00 (from $4,400.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $3,800 at Morgan Stanley

Morgan Stanley analyst Brian Nowak lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,800.00 (from $4,200.00) while maintaining a Overweight rating.... More

UPDATE: Amazon.com (AMZN) PT Lowered to $3,800 but Stifel Sees Quarter as a Trough

(Updated - April 29, 2022 7:59 AM EDT)

Stifel analyst Scott Devitt lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,800.00 (from $4,400.00) on the belief that 1Q will represent the trough period in Amazons results, with growth and operating margin improving through 2022 despite... More

UPDATE: Amazon.com (AMZN) PT Lowered to $3,500 at RBC Capital on Weak 2Q Guidance

(Updated - April 29, 2022 8:20 AM EDT)

RBC Capital analyst Brad Erickson lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,500.00 (from $3,880.00) after the company reported a mixed Q1 and guided well below for Q2 on a host of not totally surprising drivers: tougher comps,... More

Amazon.com (AMZN) PT Lowered to $4,100 at Evercore ISI

Evercore ISI analyst Mark Mahaney lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,100.00 (from $4,300.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $3,700 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $4,000.00) while maintaining a Buy rating.... More

UPDATE: Amazon.com (AMZN) PT Lowered to $3,450 at BMO Capital After Margin Expansion is Pushed Out

(Updated - April 29, 2022 8:27 AM EDT)

BMO Capital analyst Daniel Salmon lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,450.00 (from $3,650.00) after the company guided 2Q22 net revenue: to $116-121B vs.$125.4B consensus. Operating income guidance was for $(1.0)-3.0B vs. $6.8B... More

Amazon.com (AMZN) PT Lowered to $3,700 at Wolfe Research on Weak Retail Results

Wolfe Research analyst Deepak Mathivanan lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $4,100.00) after 1Q results were mixed and the 2Q guide came in below expectations due to
incremental expense headwinds.

The analyst reiterated an Outperform rating, stating "AMZN... More

UPDATE: Amazon.com (AMZN) PT Lowered to $3,300 at Raymond James After Slowing Retail Offset AWS Gains

(Updated - April 29, 2022 8:08 AM EDT)

Raymond James analyst Aaron Kessler lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,300.00 (from $3,950.00) after the company reported that AWS demonstrated continued momentum (37% y/y) and record high operating margins (35%) but was offset by retail... More

Amazon.com (AMZN) PT Lowered to $3,600 at JMP Securities

JMP Securities analyst Ronald Josey lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,600.00 (from $4,000.00) while maintaining a Market Outperform rating.... More