Amazon.com Inc. is currently experiencing a challenging financial period, with stock losses of nearly 15% in the past month and over 24% year-to-date. Analysts from Piper Sandler and Jefferies have lowered their price targets for Amazon but continue to maintain a positive outlook. Despite current headwinds, key growth drivers such as AWS and advertising sales are expected to contribute positively. Concerns linger regarding the sustainability of Amazon's historic growth rate amidst shifting market dynamics. Investors are advised to consider these factors when evaluating Amazon's long-term potential.
In early April, Piper Sandler lowered its price target for Amazon to $215 from $265; however, the firm maintained its 'Overweight' rating saying it is looking for Q1 revenue of $153B and within the $151B-$155B guidance range. Piper forecasts AWS growth of 17% year-over-year.
Still, while there can be little doubt about its current financial health, investors and potential investors may be right to wonder whether growth can continue at Amazon's historic pace, and whether the stock is safe as a long-term holding.
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