Amazon.com (AMZN)
Analyst Updates
Truist Financial reduced its price target to $280 from $290 while maintaining a Buy rating, reflecting a more cautious near-term outlook despite continued confidence in Amazon’s long-term growth drivers.
Needham & Company reiterated its Buy rating on Amazon, keeping its price target unchanged at $265, signaling confidence in the company’s earnings power and competitive positioning even amid recent share price weakness.
TD Cowen reaffirmed its Buy rating on Amazon, underscoring its positive long-term view on the company’s core e-commerce and cloud businesses, though no updated price target was disclosed.
Cantor Fitzgerald assigned Amazon with an Overweight rating and a $250 price target, reflecting expectations for sustained revenue growth and margin expansion across key business segments.
Morgan Stanley reiterated its Overweight rating on Amazon but trimmed its price target to $300 from $315, reflecting more conservative assumptions while maintaining a bullish stance on AWS, advertising growth, and operating leverage.
Piper Sandler maintained an Overweight rating on Amazon with a $260 price target, pointing to the company’s strong competitive moat and improving profitability trends as key supports for the stock.
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