Amazon Likely To Post Quarterly Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Amazon.com, Inc. (NASDAQ:AMZN) is expected to report its Q2 financial results on Aug. 3, 2023, with analysts predicting a quarterly earnings of 34 cents per share, compared to a loss of 20 cents per share a year ago. The company's revenue is projected to be $131.54 billion. Amazon's shares fell 2.6% to close at $128.21 on Wednesday. Several analysts have recently updated their price targets for Amazon, with the highest being $155.
August 04, 2023 | 1:16 pm
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Amazon is expected to post a profit for Q2, with a projected revenue of $131.54 billion. The company's shares fell 2.6% recently, but analysts have updated their price targets, with the highest being $155.
The expected profit and high revenue projection for Amazon's Q2 results are positive indicators for the company's performance. However, the recent fall in share price may cause some short-term uncertainty. The updated price targets from analysts, especially the highest at $155, suggest a positive outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100