Amazon Analysts Analyze Q2 Earnings: Highlights and Insights
Friday, 2 August 2024, 16:00
Amazon's Q2 Earnings Overview
Amazon's (AMZN) earnings report for Q2 2023 showcased a combination of strong and weak performance metrics. The company experienced strong growth in its AWS segment, which is a positive indicator amid retail challenges.
Analyst Ratings and Reactions
- Piper Sandler maintains an Overweight rating.
- JPMorgan & Goldman Sachs reaffirm their Buy ratings.
- Roth Capital raises their price target.
Conclusion
While AMZN stock faced a drop due to mixed results, the favorable outlook from analysts points to confidence in Amazon's long-term potential. Investors should monitor both the growth of AWS and the performance of the retail sector as key indicators of future success.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.