Amazon Stock Dropped As 'Top Pick' As Analysts Digest Q2 Letdown

Aug 6, 2024 · Morgan Stanley analysts have dropped Amazon from their top pick list, following a "disappointing" second-quarter report. Morgan Stanley still holds a bullish overweight call for …

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Analysts Rethink Amazon Stock Price Targets After Earnings - MSN

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Amazon stock is up 9.7% year to date, while the S&P 500 is up 11.8%. The company's mixed results and investors' reactions have prompted analysts to reconsider their stock price targets. …

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Don’t Give Up On Amazon (AMZN) Stock After Disappointing Q2 …

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Aug 9, 2024 · Seattle-based Amazon announced Q2 EPS of $1.26, which exceeded the consensus forecast among analysts of $1.03. However, revenue of $147.98 billion fell short of …

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Amazon Stock: Why One Analyst Says To Buy The Earnings Dip

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Aug 2, 2024 · According to S&P Global Market Intelligence, the average analyst target price for AMZN stock is $221.92, representing implied upside of nearly 40% to current levels. …

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With Amazon Stock Near Correction Territory, Can AMZN Go Back …

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Jul 31, 2024 · Amazon Q2 Earnings Preview. Analysts expect Amazon to report revenues of $148.6 billion in Q2 – a YoY rise of 10.6%. ... Amazon was a top 2024 pick for multiple ... Why …

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Amazon Earnings: Stock Falls As Rare Revenue Miss Offsets AWS Beat

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Amazon's stock would have to close at $160 or below to be in a bear market, which is 14.4% below Thursday's closing price of $186.98. Amazon.com Inc. AMZN (U.S.: Nasdaq)

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Amazon Stock Slides On Q2 Revenue Miss, Disappointing Sales …

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Aug 1, 2024 · Amazon Stock: Technical Ratings. Prior to earnings, Amazon stock fell 1.5% in regular Thursday trading. Shares have gained 21.5% this year and 38% in the past 12 months. …

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Amazon's Stock Drops After Profit Beats But Revenue Misses

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Shares of Amazon slumped 1.7% in Thursday's after-hours session, as second-quarter profit rose above expectations by revenue came up short, and the full-year outlook was on the downbeat …

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Amazon Stock: Fairly Valued But Further Decline Possible

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Aug 15, 2024 · Consequently, Amazon’s net sales increased by about 10% year-over-year to $148 billion in Q2, but missed analysts’ expectations of $148.56 billion. Also, its Q3 sales …

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Amazon Stock Got Hit With Rare Downgrade. Here’s Why.

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Oct 7, 2024 · On the stock market today, Amazon stock fell more than 3% to close at 180.80. Amazon stock has gained 19% year-to-date including Monday's action, slightly behind a 20% …

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Amazon (AMZN) Stock Drops Despite Market Gains: Important …

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Sep 30, 2024 · The online retailer's stock has climbed by 5.31% in the past month, falling short of the Retail-Wholesale sector's gain of 6.34% and outpacing the S&P 500's gain of 2.06%.

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Amazon Leads Dow Jones Stocks After Stellar Earnings Report

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Nov 1, 2024 · In the three months ended September 30, Amazon's revenue increased 11% year over year to $158.9 billion, boosted by 19.1% growth in its Amazon Web Services (AWS) …

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Analysts Reboot Amazon Stock Price Targets After Earnings

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Aug 4, 2024 · This is what could happen next to Amazon shares. ... Latest (All Real Money Pro Authors) Doug's Daily Diary Pro Column: Top Stocks Pro Column: Stocks Under $10 What's …

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FAQs about Amazon Stock Dropped As 'Top Pick' As Analysts Digest Q2 Letdown Coupon?

Why did Morgan Stanley drop Amazon from top pick list?

M organ Stanley analysts have dropped Amazon from their top pick list, following a "disappointing" second-quarter report. Morgan Stanley still holds a bullish overweight call for the e-commerce giant's shares, but analysts lowered their price target for Amazon stock to 210 from 240. ...

Why did Morgan Stanley drop Amazon stock?

"But in our view Amazon needs to demonstrate an ability to deliver growth and profitability ... even as its product mix continues to shift toward lower margin items," Nowak added. Analysts at Morgan Stanley dropped Amazon stock from their top pick list, after the tech giant's "disappointing" Q2 report. ...

Should you buy Amazon (AMZN) stock after Q2 results?

There are no “sell” ratings. The median price target on Amazon stock is 37% higher then where the shares are currently trading. The lowest price target on AMZN stock is 15% above where the shares are changing hands. Furthermore, some analysts raised their ratings and price targets on Amazon stock after the Q2 results were made public. ...

Why did Amazon (AMZN) stock fall Monday?

Amazon (AMZN) stock fell Monday after the tech behemoth got a rare downgrade from a Wall Street analyst. Wells Fargo analyst Ken Gawrelski lowered his rating on Amazon stock to equal weight from overweight in a note to clients early Monday. He also lowered his price target for Amazon stock to 183 from 225. ...

Why is Amazon's share price down 18% since Q2?

AMZN stock has taken a beating since the company delivered a Q2 print that left more than a few analysts and investors scratching their heads. The earnings and investor rotation out of technology stocks have conspired to push Amazon’s share price down 18% since the beginning of July. ...

Is Amazon stock a buy?

Out of 65 analysts following Amazon stock, 61 rate the stock a buy, according to FactSet. Wells Fargo is now among four hold or neutral ratings. There are no sell calls. Despite the general bullishness, Amazon stock has traded sluggishly since July. Shares hit an all-time high near 201.20 early that month before pulling back. ...