Amazon, Wells Fargo
Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns
Wells Fargo downgrades Amazon stock due to growth concerns and competition from Walmart, technical indicators and market dynamics suggest potential for future declines.
Amazon stock sinks as Wells Fargo downgrades shares
Amazon stock dropped amid a downgrade from Overweight to Equal Weight by Wells Fargo. Wells Fargo said Monday that Amazon's strength in the cloud services market won’t be enough to stave off hurdles: rising competition from Walmart,
Amazon.com shares downgraded by Wells Fargo who says cloud strength 'not enough'
Analyst Ken Gawrelski became one of the few analysts tracked by Bloomberg who doesn’t have a buy recommendation on the stock. He also cut his price target from $225 to $183, one of the lowest on Wall Street.
Amazon Falls After Analyst Downgrade
Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over margin trends into next year, which growth in the cloud computing business is unlikely to compensate for.
Wells Fargo Downgrades Amazon.com (AMZN)
Fintel reports that on October 7, 2024, Wells Fargo downgraded their outlook for Amazon.com (NasdaqGS:AMZN) from Overweight to Equal-Weight. Analyst Price Forecast Suggests 23.38% Upside As of September 25,
After downgrading Amazon, Wells Fargo says buy Microsoft stock
After downgrading Amazon (NASDAQ:AMZN) this week, Wells Fargo said it is increasing its Microsoft (NASDAQ:MSFT) position, recommending investors focus on the tech giant as part of its "Signature Picks" portfolio.
Amazon (NASDAQ:AMZN) Stock Falls 3% on Rare Analyst Downgrade
Shares of Amazon ($AMZN) are down 3% after the e-commerce giant’s stock was hit with a rare analyst downgrade. Wells Fargo ($WFC) analyst Ken
Amazon Stock Falls After Rare Analyst Downgrade
Amazon stock fell in Monday morning trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.
Wells Fargo cuts Amazon's rating as headwinds pressure OI, margins in the near term
Wells Fargo cut rating on Amazon.com (NASDAQ:AMZN) to "equal weight" from a previous investment rating of "overweight" on ...
Wells Fargo downgrades Amazon: Near-term costs for Project Kuyper will pressure margins
Ken Gawrelski, Wells Fargo equity analyst, joins 'Money Movers' to discuss the firm's downgrade of Amazon, how rivals are ...
One of Walmart's big bets is paying off in its retail battle against Amazon, analysts say
Walmart's logistics operations are pressuring Amazon and could limit its earnings, Wells Fargo analysts wrote, cutting their ...
Why Amazon Stock Dropped Early Today
Weaker profit margins and the big cash drain that is Project Kuiper pose particular risks to Amazon's growth story.
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this card may still be a worthy option for purchases on the occasions you do shop at Amazon as we'll explain below. The recently released no-annual-fee Wells Fargo Attune℠ World Elite Mastercard ...
Amazon Cut as Wells Fargo Warns Cloud Strength ‘Not Enough’
Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over ...
Holiday creep starts even earlier this year, with shorter selling window for retailers
The traditional holiday shopping period between Thanksgiving and Christmas is almost one week shorter this year.
World Street | Buffett’s $10 billion BofA sale, Brent tops $80, FTX bankruptcy plan cleared, and more
From Apple shares getting a downgrade, to FTX repaying a majority of its customers; here's a look at some of the major ...
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Wells Fargo cuts Amazon stock target on high launch costs
On Monday, Wells Fargo (NYSE:WFC) adjusted its price target for Amazon.com (NASDAQ:AMZN), decreasing it to $225 from the previous target of $232. The firm retained its Overweight rating on the ...
Amazon Stock Is Sliding Monday: What's Going On?
Amazon.com Inc (NASDAQ:AMZN) shares are trading lower Monday following a downgrade from Wells Fargo. Amazon shares also ...