Amazon.com Inc. has faced a challenging month, with its stock plummeting 13.25%, resulting in a year-to-date loss of 21.55%. Analysts at Jefferies have lowered their price target for the stock while maintaining a 'Buy' rating, indicating confidence despite softening macro conditions. While concerns linger regarding future growth, Amazon continues to see robust performance in AWS, AI, and advertising. Investors are left questioning the sustainability of Amazon’s historic growth amidst broader market volatility, particularly as the tech sector shows signs of strain.
While Amazon has faced substantial headwinds and recent stock declines, its fundamentals remain strong, driven by key sectors like AWS, AI, and advertising.
Although Jefferies has downgraded Amazon's price target to $250, it still maintains a 'Buy' rating, indicating confidence in the company’s long-term potential.
Amazon's stock surged almost 80% in 2024 before a significant drop, highlighting its volatility within the tech sector amid broader market challenges.
Despite recent challenges, Amazon has demonstrated resilience over the last two decades, with a staggering growth rate of over 8,067% since its inception.
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