Amazon shares drop on slowing online sales growth

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Go back to Amazon shares drop on slowing online sales growth

Susquehanna Reiterates Positive Rating on Amazon.com (AMZN)

August 2, 2024 6:02 AM EDT

Susquehanna analyst Shyam Patil reiterated a Positive rating and $220.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "2Q fine overall. Revenue of $148b grew 11% y/y ex-FX, decelerating two points vs. 1Q, and was 1% above our estimate but a touch below consensus. Online stores revenue grew 6% y/y ex-FX, 1% above our estimate but 1% below consensus. Paid units were up 11% y/... More