Amazon Hit By Antitrust Storm: Stock At 3-Month Low, 5 Analysts' Takeaways
Portfolio Pulse from Piero Cingari
Amazon.com, Inc. (NASDAQ:AMZN) is facing an antitrust lawsuit filed by the FTC and 17 state governments, alleging the company is using anti-competitive tactics to maintain its market dominance. The lawsuit has led to a 1.4% drop in Amazon's shares, hitting a 3-month low. Despite this, several analysts maintain positive outlooks for the company, with average one-year price target at $172, a 39% increase from the current valuation.
September 27, 2023 | 5:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Amazon is facing an antitrust lawsuit, causing a drop in its shares. However, analysts maintain a positive outlook.
The lawsuit has caused a short-term drop in Amazon's shares. However, analysts' positive outlook and high one-year price target suggest potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Meta Platforms Inc. was mentioned in relation to past antitrust issues.
Meta was mentioned in the context of past antitrust issues, but the news does not directly impact the company.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 20
NEUTRAL IMPACT
Microsoft Corp. was mentioned in relation to past antitrust issues.
Microsoft was mentioned in the context of past antitrust issues, but the news does not directly impact the company.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 20