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 … Read more
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. … Read more
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 … Read more
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 … Read more
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: … Read more
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 … Read more
Credit Suisse: Cut Amazon’s (NASDAQ:AMZN) price target to $150 from $171.
Wells Fargo: Cut Amazon’s (NASDAQ:AMZN) price target to $145 from $155。
UBS analyst Lloyd Walmsley raised its price target on Amazon (NASDAQ:AMZN) to $127 from $118, maintaining a “buy” rating. The analyst said Amazon’s fourth-quarter results were mixed, with retail stronger than expected and AWS weaker. Walmsley believes Amazon’s recent stock price will struggle to rise until AWS shows more signs of stabilization.
According to a research report published by Morgan Stanley, Amazon (NASDAQ:AMZN) showed a significant improvement in the profitability of the company’s retail business in the fourth quarter of last year, which made the bank more confident in future scale-driven efficiency and profit improvement, and raised its retail EBIT forecast by $8 billion this year. Damo … Read more