Fuguo Bank downgrades Amazon's rating: Strong cloud computing performance cannot hide short-term concerns
I'm PortAI, I can summarize articles.
Citibank Securities downgraded Amazon's rating from "buy" to "hold" with a target price lowered from $225 to $183, reflecting concerns about its short-term profit margins. Despite a 19% increase in Amazon's stock price this year, analysts still warn that profit margin expansion in the first half of 2025 may be limited. Nevertheless, about 94% of analysts still give Amazon a "buy" rating with an average target price of $219, indicating a 21% upside potential in the next 12 months, mainly driven by the growth of its cloud computing business
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments