Amazon (AMZN) to lay off several hundred Prime Video and MGM employees - reports

Analysts bullish on Amazon (AMZN) as tailwinds drive 'durable multi-year profitability'

January 11, 2024 8:02 AM EST

Both Morgan Stanley and Bank of America released notes covering Amazon (NASDAQ: AMZN) on Thursday, maintaining their bullish stances on the stock.

Morgan Stanley's Brian Nowak, who has an Overweight rating on the stock, upped the Amazon price target to $185 per... More

Amazon (AMZN) to Lay Off Several Hundred Prime Video, Studios Employees - The Information

January 10, 2024 9:17 AM EST

(Updated - January 10, 2024 9:19 AM EST)

Amazon (NASDAQ: AMZN) to Lay Off Several Hundred Prime Video, Studios Employees - The Information

Amazon is reportedly cutting several hundred jobs in Prime Video and MGM Studious units, according to an internal email.... More

Amazon (AMZN) Announces Buy with Prime Integration with Salesforce Commerce Cloud

January 10, 2024 7:00 AM EST

Today, Amazon (NASDAQ: AMZN) announced the Buy with Prime for Salesforce Commerce Cloud integration. This solution helps Salesforce merchants seamlessly integrate Buy with Prime into their existing shopping experience. Buy with Prime for Salesforce also offers merchants several new features, including the ability for shoppers to search and filter for... More

Amazon.com (AMZN) PT Raised to $200 at Goldman Sachs

January 10, 2024 4:29 AM EST

Goldman Sachs analyst Eric Sheridan raised the price target on Amazon.com (NASDAQ: AMZN) to $200.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "We reiterate our positive view on Amazon into 2024. We think that the company is not only well positioned to navigate the current volatile consumer environment (given its scale, platform breadth and greater exposure to essentials and its resilient... More

Amazon’s Twitch to lay off 35% of workforce- Bloomberg News

January 9, 2024 6:34 PM EST

(Reuters) - Amazon.com's streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people familiar with the plans.

The move could be announced as soon as Wednesday, the report added.

The business remains unprofitable nine years after... More

Amazon (AMZN) Twitch Service To Cut 500 Workers, About 35% Of Staff - Bloomberg

January 9, 2024 5:31 PM EST

Amazon's (NASDAQ: AMZN) Twitch Service To Cut 500 Workers, About 35% Of Staff - Bloomberg

... More

Amazon (AMZN) investors will be rewarded in 2024 - Barclays

January 9, 2024 1:19 PM EST

Barclays said in a brief note Tuesday that tech giant Amazon (NASDAQ: AMZN) is the firm's preferred mega-cap name in 2024.

Analyst Ross Sandler, who has an Overweight rating and a $190 price target on the stock, said new disclosures support their bullish view... More