10 Amazon Analysts Assess Q2 Earnings: Strong AWS Growth, Retail Challenges
Portfolio Pulse from Priya Nigam
Amazon's Q2 earnings report showed mixed results, with strong growth in AWS but challenges in retail. Analysts have adjusted their price targets and ratings, reflecting both optimism in AWS and concerns about retail performance and future guidance.

August 02, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Amazon reported mixed Q2 results with strong AWS growth but weaker retail performance. Analysts have adjusted their price targets and ratings, reflecting optimism in AWS and concerns about retail and future guidance.
Amazon's Q2 earnings report showed strong growth in AWS, which is a positive sign. However, the weaker retail performance and lower-than-expected future guidance have led to a negative market reaction, with the stock down 10.6%. Analysts have adjusted their price targets and ratings, indicating a cautious outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100