Amazon (AMZN) Tumbles 20% as Revenue Guidance Misses

Amazon.com (AMZN) PT Lowered to $136 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White lowered the price target on Amazon.com (NASDAQ: AMZN) to $136.00 (from $172.00) while maintaining a Buy rating.

The analyst commented, "Amazon reported mixed 3Q:22 results and issued a weak 4Q:22 outlook. Next up, Amazon will... More

Amazon.com (AMZN) PT Lowered to $125 at Benchmark

Benchmark analyst Daniel Kurnos lowered the price target on Amazon.com (NASDAQ: AMZN) to $125.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Shares of Amazon (AMZN: Buy, PT from $160 to $125) initially plunged over 20% after hours following a largely in-line 3Q print but a shocking 4Q holiday revenue guide. Despite all the recent optimism from credit card companies, the travel sector and early... More

Amazon.com (AMZN) Sell-Off on EPS 'Well Overdone' - Goldman Sachs

Goldman Sachs analyst Eric Sheridan weighed in on Amazon.com (NASDAQ: AMZN) following earnings, saying the 20% sell-off is "well overdone."

The analyst commented, "With Amazons stock down ~20% in after-hours trading, we see this reaction as well overdone in terms of its reported results & guidance when compared to investors expectations relative to Street estimates in the run up to this earnings report. We would have expected a small negative reaction... More

RBC Capital First Take on Amazon.com (AMZN) Q3 2022 Earnings

RBC Capital analyst Brad Erickson reiterated an Outperform rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "AMZN reported Q3 revenue in-line with the Street ($127.1B vs. Street at $127.4BE) and EPS above (+$0.28 vs. Street at +$0.22E) but... More

Amazon (AMZN) Tops Q3 EPS by 6c, Offers Guidance

Amazon (NASDAQ: AMZN) reported Q3 EPS of $0.28, $0.06 better than the analyst estimate of $0.22. Revenue for the quarter came in at $127.1 billion versus the consensus estimate of $127.76 billion.

GUIDANCE:

Amazon sees Q4 2022 revenue of $140-148 billion, versus the consensus of $155.1... More