Amazon.com (AMZN) PT Lowered to $120 at Atlantic Equities
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Amazon.com (AMZN) PT Lowered to $136 at Monness, Crespi, Hardt
October 28, 2022 11:53 AM EDTMonness, 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
October 28, 2022 6:26 AM EDTBenchmark 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 (AMZN) Plunges on Mixed Results and Weak Guidance, Analysts See a Buying Opportunity
October 28, 2022 5:56 AM EDTShares of Amazon (NASDAQ: AMZN) are down over 13% in pre-open Friday trading after the e-commerce titan reported weaker-than-expected Q3 results and guidance.
Amazon shares initially slumped 20% in after-hours trading before recovering a portion of the losses. Goldman Sachs analyst Eric Sheridan said the 20% move lower in after-hours trading was 'well overdone."
Amazon reported a Q3 EPS of $0.28 per share on revenue of $127.1 billion, which compares to the consensus of $0.22 on revenue of $127.76 billion. Overall, sales rose 15% compared to the year-ago period while the operating income came in at $2.5 billion with the... More
