Tag: Amazon shares

August 16, 2022

Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new […]

April 28, 2022

The company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]

July 21, 2020

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism […]

July 2, 2020

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]

July 22, 2019

Two Wall Street analysts are betting big on Amazon’s quarterly report later this week by hiking their price targets on the e-commerce giant. Deutsche Bank analyst Lloyd Walmsley raised his 12-month price target on Amazon to $2,515 per share from […]

May 24, 2019

Amazon shares will rally to $3,000 in about two years, making them worth nearly $1.5 trillion, without the company doing much differently than it is doing today, Piper Jaffray told clients on Friday. “We believe AMZN shares will reach $3,000 […]

May 3, 2019

Warren Buffett on Thursday evening revealed to CNBC that his Berkshire Hathaway conglomerate has taken a stake in Amazon. The legendary investor will hope lightning strikes twice: he made a massive $246 million — an 84% return in five years […]

March 15, 2019

Closing pop-up stores, pushing the grocery business and focusing on advertising all will help Amazon boost profits, KeyBanc analysts said as they boosted the online retailer’s price target. The KeyBanc analysts raised their recommended allocation on Amazon to overweight and […]

October 26, 2018

Amazon was set to plunge at Friday’s opening bell after the company delivered disappointing third-quarter revenue and fourth-quarter revenue guidance. The e-commerce giant delivered standout third-quarter earnings of $5.75 a share on Thursday, easily beating the $3.11 that analysts surveyed […]

August 29, 2018

Morgan Stanley is getting more bullish on Amazon shares even after its stunning gains so far this year. The firm reiterated its overweight rating and increased its price target for Amazon shares to $2,500 from $1,850, representing 29 percent upside […]

July 18, 2018

Shares of Amazon ticked higher on Wednesday as Wall Street awaited the final results from Prime Day, the e-commerce giant’s annual sales event. The stock rose 0.1 percent in the premarket after closing at a record high in the previous […]

May 8, 2018

Amazon appears untouchable. It’s rallied 37 percent this year, outperforming the market nearly fourfold. And a stunning quarter, reported last month, prompted nearly two dozen firms to up their price targets on the e-commerce giant; a handful of those newly […]

April 30, 2018

Analysts rushed to revise their price targets on Amazon following a stunning quarter, and many now see a clear shot to a $1 trillion market cap. Count Piper Jaffray’s Craig Johnson out. His charts have made him more cautious than […]

April 6, 2018

Shares of Amazon were sliding Friday morning, down 1.66% ahead of the opening bell, after President Donald Trump unleashed another attack at the company. Those losses are a bit larger than the tech-heavy Nasdaq 100’s 1.2% drop that’s expected at […]

January 5, 2018

It will be another great year for Amazon shareholders, according to one Wall Street firm. Citi Research reiterated its buy rating for the internet giant’s shares, predicting Amazon will generate strong growth. “We remain bullish on the consumer Internet sector, […]

December 21, 2017

Amazon’s innovative voice-recognition Alexa device will boost the company’s financial results, according to one Wall Street firm. RBC Capital Markets reaffirmed its outperform rating for the e-commerce giant, citing the firm’s positive consumer survey results for the company’s Alexa product. […]

December 4, 2017

Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the […]

November 28, 2017

Amazon shares will soar in the next year thanks to its rapid pace of innovation and increased price flexibility, according to Goldman Sachs. Goldman expects big things from the e-commerce giant at its annual re:Invent conference this week, where analyst […]

November 13, 2017

Amazon may reach the $1 trillion market value milestone in the next year, according to a top Wall Street firm. Morgan Stanley reiterated its overweight rating for Amazon shares, presenting a “bull case” 12-month price target of $2,000 per share […]

October 27, 2017

Wall Street is buzzing over Amazon’s impressive September quarter results. Analysts say they are growing more confident Amazon’s success will continue because of its proven ability to invest in new opportunities. The e-commerce juggernaut generated third quarter earnings per share […]