UPDATE: Redburn Starts Amazon.com (AMZN) at Buy

JPMorgan Reiterates Amazon, Booking, and Uber as Top Internet Stocks to Own

June 29, 2022 5:53 AM EDT

JPMorgan analyst Doug Anmuth revisited the banks research coverage of Internet stocks to cut estimates and price targets on 26 companies to reflect macro pressures, FX, & company-specific dynamics.

The analyst notes a deteriorating macro environment amid surging fuel prices and high inflation, while JPMorgan economists see a 66% chance of a recession over the next... More

Amazon.com (AMZN) PT Lowered to $175 at JPMorgan

June 29, 2022 5:12 AM EDT

JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com (NASDAQ: AMZN) to $175.00 (from $200.00) while maintaining a Overweight rating.... More

Amazon.com (AMZN) PT Lowered to $140 at Wolfe Research on Higher Input Costs

June 29, 2022 3:36 AM EDT

Wolfe Research analyst Deepak Mathivanan lowered the price target on Amazon.com (NASDAQ: AMZN) to $140.00 (from $145.00) on the belief that the company is facing several incremental headwinds including higher input costs, in addition to in-efficiencies from overcapacity, which could be a constraint on operating... More

Twilio (TWLO) on Watch on Vague Chatter

June 28, 2022 10:57 AM EDT

Twilio (NYSE: TWLO) is on watch on speculation from Activist Insights that Amazon (NASDAQ: AMZN) could be eyeing the company.

... More

Morgan Stanley's Mike Wilson Says Bear Market Isn't Over, Sell Into Strength Ahead of Earnings Revisions

June 28, 2022 8:18 AM EDT

Morgan Stanley chief equity strategist Mike Wilson, hosted a podcast noting that the recent market rally can be attributed to the pullback in oil prices and interest rates. However, the bear market is unlikely to be over since we are about to enter an earnings season where downward revisions... More

Amazon.com (AMZN) PT Lowered to $167 at UBS

June 28, 2022 8:03 AM EDT

UBS analyst Lloyd Walmsley lowered the price target on Amazon.com (NASDAQ: AMZN) to $167.00 (from $209.00) while maintaining a Buy rating.... More

4 Takeaways from Amazon.com's (AMZN) re:MARS Event - Morgan Stanley

June 28, 2022 6:16 AM EDT

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $175.00 price target on Amazon.com (NASDAQ: AMZN) after attending the re:MARS conference last week walking away with 4 key Robotics/Automation takeaways:

1) Robotics/Automation: AMZN showcased its latest in supply chain automation and robotics that should drive the next leg of operational efficiency for its retail... More

Amazon (AMZN) will have two Prime shopping events this year, second one coming in Q4 - CNBC

June 27, 2022 2:29 PM EDT

Amazon (NASDAQ: AMZN) will have two Prime shopping events this year, second one coming in Q4 - CNBC

Report cited a notice to merchants... More

Amazon (AMZN) Still the 'King of Summer Sales' - Jefferies

June 27, 2022 11:43 AM EDT

According to Jefferies analyst Brent Thill, Amazon (NASDAQ: AMZN) remains the king of the summer sales season.

In a research note released Monday, the analyst said they estimate that Prime Day, which will occur on July 12-13, will "contribute $8.1B to GMV and $4.7B to Net Sales, which represents a 6%/4% tailwind to... More

Jefferies Previews Amazon.com (AMZN) Prime Day, Sees MSD Tailwind

June 27, 2022 8:53 AM EDT

Jefferies analyst Brent Thill reiterated a Buy rating and $163.00 price target on Amazon.com (NASDAQ: AMZN) after the Amazon Prime Day Early Deals kicked off on 6/21 with the bulk of product on 7/12-13. Prime Day is expected to contribute $8.1B to GMV and... More

Amazon.com's (AMZN) Robots Highlight re:MARS Conference - Monness, Crespi, Hardt

June 27, 2022 8:08 AM EDT

Monness, Crespi, Hardt analyst Brian White reiterated a Buy rating and $185.00 price target on Amazon.com (NASDAQ: AMZN) after attending the company's re:MARS conference which highlighted new AI/ML and robotic innovations that should lead to increased automation, driving cost savings and enhancing the... More