Oppenheimer's Helfstein Cuts Amazon Price Target To $220 On Tariff Concerns
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Oppenheimer analyst Jason Helfstein has maintained an Outperform rating on Amazon but reduced the price target from $260 to $220 due to tariff concerns impacting the e-commerce sector. He anticipates a significant hit to third-quarter results as sellers adjust to higher costs. Helfstein lowered revenue estimates for fiscal years 2025 and 2026 by 2% and 1%, respectively, and expects a 19% decline in total EBIT for 2025. Amazon shares are currently trading 1.10% lower at $186.92.
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