Amazon Stock Downgraded Amid AWS Growth Concerns
Rothschild Redburn cut Amazon.com Inc.'s rating to 'Neutral' from 'Buy', slashing its price target to $250 amid mounting competition in cloud services. The MOVE reflects skepticism about AWS's ability to sustain growth as generative AI reshapes the sector.
Despite the downgrade, Wall Street maintains overwhelming bullish sentiment. Analysts collectively assign a 'Strong Buy' rating with a $296.64 median price target, suggesting 26% upside potential. AWS's recent acceleration hasn't dispelled concerns about long-term competitive pressures.