Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores. It also includes export sales from online stores. The International segment focuses on the amounts earned from retail sales of consumer products including from sellers and subscriptions through internationally-focused online stores. The AWS segment consists of global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.
Bernstein analyst Mark Shmulik maintains Amazon.com (NASDAQ:AMZN) with a Outperform and raises the price target from $125 to $140.
Bernstein raises Amazon.com (NASDAQ:AMZN) price target from $125 to $140 Read Post »
Needham analyst Laura Martin reiterates Amazon.com (NASDAQ:AMZN) with a Buy and maintains $120 price target.
Needham maintained Amazon.com (NASDAQ:AMZN) $120 price target Read Post »
Oppenheimer analyst Jason Helfstein maintains Amazon.com (NASDAQ:AMZN) with a Outperform and lowers the price target from $135 to $125.
Oppenheimer lowered Amazon.com (NASDAQ:AMZN) price target from $135 to $125 Read Post »
Evercore ISI Group analyst Mark Mahaney maintains Amazon.com (NASDAQ:AMZN) with a Outperform and lowers the price target from $160 to $155.
Evercore ISI lowered Amazon.com (NASDAQ:AMZN) price target from $160 to $155 Read Post »
Amazon (NASDAQ:AMZN) announced on February 22 that it has completed its $3.49 billion acquisition of 1Life Healthcare, the operator of One Medical’s line of primary health clinics. A spokesman for the U.S. Federal Trade Commission said the day before yesterday that the agency would not prosecute in time to stop the deal, but would continue to investigate. One Medical operates more than 200 medical offices in 26 markets in the U.S., and customers pay subscription fees to access their physician and digital health services. After completing the acquisition, Amazon will significantly expand its healthcare business and enter the physical medical clinic segment.
UBS published a research report that Amazon (NASDAQ:AMZN) had mixed results in the fourth quarter of last year, with the retail business stronger than expected; AWS’s revenue growth fell sharply in January, and the company expects the business to experience a slowdown of several quarters before the economic environment stabilizes, which may affect margin performance. UBS expects that unless AWS’s performance becomes more stable, it will be difficult for the stock price to recover in the short term. Driven by the retail business, UBS has improved its outlook for this year and next, with its overall revenue forecast for this year rising from US$538 billion to US$555 billion and EBIT forecasts raising to US$22 billion. The revenue forecast for the first quarter of this year was raised to $124 billion, while the EBIT forecast was raised to $3.8 billion from $1.5 billion. The price target was raised to $127 from
UBS: Raised Amazon (NASDAQ:AMZN) price target to $127 with a Buy rating Read Post »
J.P. Morgan reported that Amazon (NASDAQ:AMZN) cloud services (AWS) growth slowed and profit margins were under pressure, but at the same time, better-than-expected retail revenue and improved leverage levels offset the impact, making the company’s fourth-quarter results last year and the outlook for the first quarter of this year mixed. Amazon CEO Andy Jassy revealed that he will focus on customers and reduce costs as a top priority, while not giving up long-term strategic investments and reducing costs and increasing efficiency. J.P. Morgan expects that the poorer-than-expected growth of AWS in the first quarter of this year, coupled with the pressure on margins in the fourth quarter of last year, will exacerbate concerns about the development of cloud business, but still believes that retail growth can accelerate this year, while looking forward to the recovery of operating profit in North America and the year-on-year decline in capital expenditure, which will
JPMorgan: Raised Amazon (NASDAQ:AMZN) price target to $142 with an overweight rating Read Post »
Amazon, Inc.(NASDAQ:AMZN) reported Q4 earnings of $0.03 per diluted share, down from $1.39 a year earlier. Analysts polled by Capital IQ forecast $0.16. Sales for the quarter ended Dec. 31 totaled $149.2 billion, up from $137.4 billion a year earlier. Analysts surveyed by Capital IQ called for $145.78 billion. The e-commerce giant said it expects Q1 net sales of $121 billion to $126 billion. Analysts polled by Capital IQ are looking for $125.04 billion. The guidance accounts for an unfavorable impact from foreign exchange rates, the company said.
Amazon, Inc.(NASDAQ:AMZN) reported Q4 EPS $0.03 Read Post »
Amazon.com, Inc. (NASDAQ: AMZN) Stock price trend forecast and trading range: Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $100 – $115 Support: $100 resistance: $115 Stop Loss Price: $100 price target: $115 Buy the position again: stop fall and rise to $100 Mid-line trend: bullish High sell low buy range: $95 – $115 Support: $95 resistance: $115 Stop Loss price: $95 price target: $115 Buy the position again: stop fall and rise to $95 Long-term trend: bullish High sell low buy of range: $80 – $120 Support : $80 resistance: $120 Stop Loss price: none price target : $120 Buy the position again: stop fall and rise to $80 From Analysis from financial statements: Revenue for the fourth quarter
Amazon, Inc. (NASDAQ: AMZN) revenue of $149.2 b in 2022 Q4, YoY+8.58% Read Post »
Amazon CEO Andy Jassy said on an earnings call on February 2 local time that the company has suspended the expansion of Amazon Fresh and unmanned convenience stores. Before it can embark on a massive expansion, he said, Amazon needs a unique form of store and keep its finances in good shape. “Retail is a tough industry.” Jassy said, “The process of expanding Amazon’s fresh service is flushing money down the toilet. But he added that the future of grocery supermarkets is omnichannel where online and offline coexist.
Amazon suspended fresh food services and unmanned convenience store expansion Read Post »
Credit Suisse: Cut Amazon’s (NASDAQ:AMZN) price target to $150 from $171.
Credit Suisse: Cut Amazon’s (NASDAQ:AMZN) price target to $150 from $171 Read Post »
Wells Fargo: Cut Amazon’s (NASDAQ:AMZN) price target to $145 from $155。
Wells Fargo: Cut Amazon’s (NASDAQ:AMZN) price target to $145 from $155 Read Post »