Amazon.com (AMZN) continues to build on market leadership, Piper reaffirms Overweight
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Oppenheimer says 'layoffs are necessary' as they cut estimates at Amazon (AMZN)
April 6, 2023 8:20 AM EDTOppenheimer reiterated an Outperform rating on Amazon.com Inc. (NASDAQ: AMZN) but reduced their price target on the stock to $125.00 (From $135.00) after conducting a deep dive into the companys expenses. Following the investigation, analyst Jason Helfstein believes that the online retailer more layoffs are necessary for eCommerce to become meaningfully profitable.
Helfstein wrote in a note, We believe AMZN's 25% underperformance vs. Nasdaq LTM is... More
Amazon (AMZN) Outperforms Nasdaq, Up 1.4% to Session High
April 4, 2023 2:49 PM EDTAmazon (NASDAQ: AMZN) Outperforms Nasdaq, Up 1.4% to Session High
