Amazon (AMZN) Plunges on Mixed Results and Weak Guidance, Analysts See a Buying Opportunity

Amazon.com (AMZN) PT Lowered to $136 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White lowered the price target on Amazon.com (NASDAQ: AMZN) to $136.00 (from $172.00) while maintaining a Buy rating.

The analyst commented, "Amazon reported mixed 3Q:22 results and issued a weak 4Q:22 outlook. Next up, Amazon will... More

Amazon.com (AMZN) PT Lowered to $125 at Benchmark

Benchmark analyst Daniel Kurnos lowered the price target on Amazon.com (NASDAQ: AMZN) to $125.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Shares of Amazon (AMZN: Buy, PT from $160 to $125) initially plunged over 20% after hours following a largely in-line 3Q print but a shocking 4Q holiday revenue guide. Despite all the recent optimism from credit card companies, the travel sector and early... More

Amazon.com (AMZN) PT Lowered to $140 at Telsey

Telsey analyst Joseph Feldman lowered the price target on Amazon.com (NASDAQ: AMZN) to $140.00 (from $150.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $120 at Atlantic Equities

Atlantic Equities analyst James Cordwell lowered the price target on Amazon.com (NASDAQ: AMZN) to $120.00 (from $160.00) while maintaining a Overweight rating.... More

Amazon.com (AMZN) PT Lowered to $130 at Deutsche Bank

Deutsche Bank analyst Leo Horowitz lowered the price target on Amazon.com (NASDAQ: AMZN) to $130.00 (from $150.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $145 at Citi

Citi analyst Ronald Josey lowered the price target on Amazon.com (NASDAQ: AMZN) to $145.00 (from $185.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $130 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered the price target on Amazon.com (NASDAQ: AMZN) to $130.00 (from $165.00) while maintaining a Outperform rating.... More

European Stocks Lower; Volkswagen Slumps After Third-Quarter Earnings

By Peter Nurse

Investing.com - European stock markets dropped Friday, with sentiment hit by the large ECB rate hike, weak results from e-commerce giant Amazon (NASDAQ: AMZN) and a hefty drop in French quarterly growth.

By 03:45 ET (07:45 GMT), the DAX in Germany traded 1% lower, the CAC 40 in France dropped 0.7%, while U.K.'s FTSE 100 traded 1% higher.

French third-quarter gross domestic product rose 0.2% on the quarter, data released Friday showed, a gain of 1.0% on an annual basis. This... More

European Stocks Lower; Volkswagen Slumps After Third-Quarter Earnings

By Peter Nurse

Investing.com - European stock markets dropped Friday, with sentiment hit by the large ECB rate hike, weak results from e-commerce giant Amazon (NASDAQ: AMZN) and a hefty drop in French quarterly growth.

By 03:45 ET (07:45 GMT), the DAX in Germany traded 1% lower, the CAC 40 in France dropped 0.7%, while U.K.'s FTSE 100 traded 1% higher.

French third-quarter gross domestic product rose 0.2% on the quarter, data released Friday showed, a gain of 1.0% on an annual basis. This represents a sharp slowdown... More

Amazon.com (AMZN) PT Lowered to $160 at Truist Securities

Truist Securities analyst Youssef Squali lowered the price target on Amazon.com (NASDAQ: AMZN) to $160.00 (from $170.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $142 at Credit Suisse

Credit Suisse analyst Stephen Ju lowered the price target on Amazon.com (NASDAQ: AMZN) to $142.00 (from $159.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $145 at JPMorgan

JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com (NASDAQ: AMZN) to $145.00 (from $175.00) while maintaining a Overweight rating.... More

Amazon.com (AMZN) PT Lowered to $140 at JMP Securities

JMP Securities analyst Nicholas Jones lowered the price target on Amazon.com (NASDAQ: AMZN) to $140.00 (from $150.00) while maintaining a Market Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $140 at Morgan Stanley

Morgan Stanley analyst Brian Nowak lowered the price target on Amazon.com (NASDAQ: AMZN) to $140.00 (from $175.00) while maintaining a Overweight rating.... More

Amazon.com (AMZN) PT Lowered to $130 at Wolfe Research

Wolfe Research analyst Deepak Mathivanan lowered the price target on Amazon.com (NASDAQ: AMZN) to $130.00 (from $150.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) PT Lowered to $137 at BofA Securities

BofA Securities analyst Justin Post lowered the price target on Amazon.com (NASDAQ: AMZN) to $137.00 (from $157.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Lowered to $125 at Bernstein

Bernstein analyst Mark Shmulik lowered the price target on Amazon.com (NASDAQ: AMZN) to $125.00 (from $150.00) while maintaining a Outperform rating.... More

Amazon.com (AMZN) Sell-Off on EPS 'Well Overdone' - Goldman Sachs

Goldman Sachs analyst Eric Sheridan weighed in on Amazon.com (NASDAQ: AMZN) following earnings, saying the 20% sell-off is "well overdone."

The analyst commented, "With Amazons stock down ~20% in after-hours trading, we see this reaction as well overdone in terms of its reported results & guidance when compared to investors expectations relative to Street estimates in the run up to this earnings report. We would have expected a small negative reaction... More