Reported about 7 hours ago
Amazon's stock dropped nearly 4% after Raymond James downgraded its rating from Strong Buy to Overperform, highlighting risks from President Trump's tariffs and limited AI monetization. Analyst Josh Beck revised the price target down to $195 from $275 and expressed concern over underestimated EBIT pressures for 2025-2026, amidst a significant capital investment plan for artificial intelligence.
Source: YAHOO