$Amazon.com(AMZN)$shares trade

2022-07-30

$Amazon.com(AMZN)$shares traded higher by 11.5% on Friday after the company reported impressive second-quarter numbers in a difficult macroeconomic climate.

On Thursday, Amazon reported a second-quarter adjusted EPS loss of 20 cents, missing analyst estimates of a 14-cent profit. Second-quarter revenue was $121.2 billion, beating Wall Street expectations of $119.3 billion. Revenue was up 7% from a year ago.

Amazon reported $19.7 billion in Amazon Web Services revenue, beating analyst estimates of $19.56 billion.

Looking ahead, Amazon guided for third-quarter revenue growth of between 13% and 17%.

Ratings And Price Targets:

* Bank of America has a Buy rating and a $170 target.

* Morgan Stanley has an Overweight rating and a $175 target.

* Rosenblatt Securities has a Neutral rating and a $118 target.

* Raymond James has an Outperform rating and a $164 target.

* Needham has a Buy rating and a $175 target.

* Telsey Advisory Group has an Outperform rating and a $150 target.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

kimC
2022-07-30
kimC
in my opinion‌, results not really good, it just market have lowered their expectations.
- BlueDaisy:
  Same opinion.
jethro
2022-07-31
jethro
thanks for the share
WH the great
2022-07-30
WH the great
Time to invest [Happy]
Bunifa Latif
2022-07-30
Bunifa Latif
Yes
jayc
2022-07-30
jayc
👍
st1234
2022-07-30
st1234
.

Leave a comment

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