The Ratings Game: ‘Pretty much Google 2.0’ — Amazon price targets reduced by analysts, though they say the long-term story is intact
Analysts downgraded their price targets for Amazon.com after it reported missing its third quarter sales expectations alongside a weak sales forecast for the upcoming festive season. Amazon AMZN, -4.06% stock tanked to lows of 20% in pre-market Friday trading to $ 88.98 per share after the company reported a 15% rise in overall sales to […]
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