Will Amazon stock go back up?
Mar 07, 2022 · What happened. Shares of Amazon ( AMZN -0.18% ) stock tumbled today on some very curious news: Analyst company J.P. Morgan released a note (reported on TheFly.com) that named Amazon the bank's ...
Is Amazon stock going down?
1 day ago · For a company of Amazon's size, that's quite a bit of scratch, and investors responded to the news by trading its stock down by more than 2% on the day. So what
Why is Amazon stock so expensive?
Jul 30, 2021 · In Q3 2021, Amazon expects to report revenue of $106 billion – $112 billion, which means that Amazon’s revenue will decrease compared to the second quarter. The company’s operating income is ...
Why is Amazon stock declining?
Jan 21, 2022 · As of 1:25 p.m. ET, the stock was down 4.2%. The slide is likely primarily due to bearishness in the overall market today, especially for growth stocks like Amazon. Image source: Getty Images. So what
What happened
So what
Shares of Amazon.com ( AMZN -3.58% ) fell on Friday following the release of the e-commerce giant's second-quarter results. As of 3:15 p.m. EDT, Amazon's stock price was down more than 7%.
Now what
Amazon's net sales jumped 27% year over year to a staggering $113.1 billion, fueled by strong gains in its cloud computing and advertising businesses. Amazon Web Services (AWS) delivered revenue growth of 37%, up from 32% in the first quarter.
Why is Amazon stock going down?
Chief Financial Officer Brian Olsavsky said during a conference call with analysts that Amazon's e-commerce growth is slowing as the economy reopens. "I think the impact of people getting vaccinated and getting out in the world, not only shopping offline, but also living life and getting out, it takes away from shopping time," Olsavsky said.
AMZN stock forecast
Firstly, there has been a visible shift from growth names to value stocks and Amazon ticks the wrong boxes. Also, from a company-specific perspective, Amazon’s Q2 2021 earnings disappointed markets. While the company posted better-than-expected profits, its revenue growth was below what analysts were expecting.
Should you buy or sell Amazon stock now?
Wall Street analysts are quite bullish on AMZN stock and all 30 analysts polled by TipRanks gave rated it as a “buy” or some equivalent. Its average target price of $4,214.3 is a premium of 28.5 percent above current prices.
What happened
Amazon stock has looked weak and the recent weakness looks like a good buying opportunity. The company has a strong business model and the e-commerce platform has a good moat. Amazon provides a complete ecosystem to consumers which is tough to emulate.
So what
Shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) are taking a punch in the gut today. Despite the stock already having slid sharply year to date, shares fell more than 4% on Friday. As of 1:25 p.m. ET, the stock was down 4.2%.
Now what
Showing how the overall market is pessimistic on Friday, the S&P 500 is down 1.1% as of this writing. And the tech-heavy Nasdaq Composite is down 1.6%, with many growth stocks, including Amazon, down several percentage points or more.
The Motley Fool
Amazon will soon get a chance to prove that its sell-off has gone too far. The company's fourth-quarter earnings report is scheduled for Thursday, Feb. 3, after market close.
