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Amazon's stock climbed as much as 6% in volatile after-hours trading shortly after the results. Despite a sharp 3.3% drop during regular trading on Thursday, the stock is still up 23% so far in 2024.
The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
E-commerce pioneer Amazon (NASDAQ: AMZN) stock has been a roller-coaster ride in recent years. Share prices soared more than 50% in three of the last eight years, mixed in with a 50% drop in 2022.
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Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to equal weight (i.e., from buy to hold).
Amazon climbed 6.2% after delivering a bigger profit for the latest quarter than analysts expected and was the strongest force pushing the S&P 500 higher. Stock market today: Amazon leads Wall ...
Sundaram pointed to Amazon's 11% operating margin, which came in above Wall Street's expectations of 9.34%, as another key driver of the stock's move higher after hours. Arun noted that Amazon is ...
The price of Amazon stock is shown on a screen at the Nasdaq MarketSite, Wednesday, Dec. 20, 2017, in New York. ... USA TODAY. Michigan Court declines to hear appeal of ex-officer charged in ...