Amazon (AMZN) to Freeze Corporate Hiring - The New York Times

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Amazon (AMZN) Upside Supported by SOTP analysis - Jefferies

October 4, 2022 4:14 PM EDT

Amazon's (NASDAQ: AMZN) upside is supported by SOTP analysis, according to Jefferies equity analyst Brent Thill.

Thill, who has a Buy rating and $165 price target on Amazon shares, told investors in a research note that the firm's updated SOTP "values AMZN's non-retail businesses at $1.3T (vs EV of $1.2T),... More

Amazon (AMZN) Freezes Corporate Hiring In Its Retail Business - NYT

October 4, 2022 12:43 PM EDT

Amazon (NASDAQ: AMZN) Freezes Corporate Hiring In Its Retail Business - NYT

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Amazon (AMZN) Remains Our Favorite Internet Stock by a 'Wide Margin' - JPMorgan

October 4, 2022 9:13 AM EDT

JPMorgan analyst Doug Anmuth reiterated the Best Idea designation on Amazon (NASDAQ: AMZN) as he continues to see revenue acceleration, margin expansion, and capex moderation going forward.

These developments are likely to result in a significant FCF inflection in 2023. Anmuth projects Amazon could... More

Amazon (AMZN) Price Target and Estimates Cut as Macro Pressures Grow - BofA

October 3, 2022 1:56 PM EDT

Amazon (NASDAQ: AMZN) estimates and its price target was cut at BofA by analyst Justin Post in a research note on Monday.

Post told investors the firm has cut its price target on the technology giant to $157 from $170 based, maintaining a Buy rating on the stock.

The analyst stated that macro pressures are growing. As a... More

UPS Earns a Street-Low Price Target on FedEx-like Reset, Amazon Risks

October 3, 2022 9:21 AM EDT

Morgan Stanley analyst Ravi Shanker slashed the price target on United Parcel Service (NYSE: UPS) to $100 per share (from $148), the lowest on the Street alongside Barclays.

The lowered price target reflects slashed EPS estimates for 2023 and 2024, which now sit below consensus as much as 25% and 35%, respectively. This is because Morgan Stanley analysts project a larger mean reversion to pre-pandemic levels than... More

Amazon.com (AMZN) PT Lowered to $157 at BofA Securities

October 3, 2022 9:12 AM EDT

BofA Securities analyst Justin Post lowered the price target on Amazon.com (NASDAQ: AMZN) to $157.00 (from $170.00) while maintaining a Buy rating.

The analyst commented, "Amazon Shopping downloads were up 70% y/y (accelerating vs +61% y/y in Aug) on
easier comps. DAUs were up 3% y/y (vs -1% in Aug)."

... More