Amazon.com (NASDAQ:AMZN) Lowered to "Hold" Rating by Zacks Research

Market Beat
2026.01.03 11:01
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Zacks Research downgraded Amazon.com (NASDAQ:AMZN) from a "strong-buy" to a "hold" rating. Other analysts have raised their price targets, with China Renaissance setting it at $300, New Street Research at $340, and Loop Capital at $360, all maintaining a "buy" rating. Currently, Amazon has an average rating of "Moderate Buy" with a target price of $295.50. The stock opened at $226.50, with a market cap of $2.42 trillion and a PE ratio of 31.99. Insiders have sold shares recently, and institutional investors have adjusted their stakes in the company.