Analysts reset Amazon stock price target before earnings
Market Intelligence Analysis
AI-PoweredAnalysts have reset Amazon's stock price target ahead of its upcoming earnings, which may indicate a cautious outlook on the company's performance. This move comes as Amazon's stock has underperformed the market, gaining only 2% in the past year. The reset targets may impact investor sentiment and expectations.
Market impact analysis based on bearish sentiment with 65% confidence.
Article Context
The past year has shown that the Magnificent 7, as the best stock bets to own, was overhyped. Case in point: Amazon (AMZN). Its stock has gained about 2% over the past year, at the time of writing, Tuesday morning, Feb. 3, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is ...
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