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Amazon Stock Price Forecast Cut: Investment Outlook Uncertain
Amazon Stock Price Forecast Cut: Investment Outlook Uncertain
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Amazon’s stock price opened at $169.85 on Tuesday and climbed 6% in early trading. However, the e-commerce giant has seen a decline of 11% in the past month and nearly 20% year-to-date. Analysts are mixed on the investment outlook for AMZN shares, with BMO reiterating the stock as ’Outperform’ but lowering its price target from $280 to $235 due to softened cloud demand, a shaky macro environment, and reduced visibility. Despite these challenges, investors are urged to carefully consider the investment potential of Amazon stock.
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