Amazon Stock Gets a Downgrade: See the Bottom Price Target For AMZN
Amazon stock (NASDAQ: AMZN) opened Monday’s trading bell at $172 after dipping close to 1% during the last session. The leading e-commerce giant bled profusely in the charts as it’s down nearly 23% year-to-date. It hit a high of $242 in early February but plunged below the $200 mark as Trump imposed tariffs. The trade wars have proven costly to the US stock market as more than $2 trillion worth of wealth was wiped away after Liberation Day.
Also Read: Gold Prices Reach Historic High of $3,400
Raymond James Downgrades Amazon Stock: See AMZN Target
Leading wealth management firm Raymond James analyst Josh Beck recently downgraded Amazon stock’s prospects to Outperform from Strong Buy. The analyst previously wrote that AMZN could reach a high of $275 but has cut back on the prediction by a wide margin.
Also Read: Whales Dump $92.5 Million Worth of Dogecoin: How Will DOGE Trade Next?
According to the latest price prediction, Amazon stock could reach $195 after being downgraded from $275. That’s a steep decline for AMZN’s prospects as the stock has entered bearish territory. The global trade wars and tariffs have ignited a paradigm shift in the markets with uncertainties paving the way. While the 90-day tariff pause has cooled the markets, the threat of a decline looms large.
The global markets are in a sticky situation where things could begin to go downhill from July. If Trump does not scrap the tariffs on 185 countries, leading stocks could tumble in the charts. Amazon is the frontrunner in exchanging goods from businesses to consumers and the tariffs directly affect its stock.
Also Read: Tesla: Barclays Cuts TSLA Price Target To $275
AMZN could have difficult times if the tariffs are not scrapped by Trump after the 90-day pause in July. The broader markets could enter a bearish phase leading to price dips and overall stagnation of wealth. Investments from both retail and institutional funds could decline during the upcoming crash eroding investors’ confidence in the markets.
Read More
Amazon Stock Gets a Downgrade: See the Bottom Price Target For AMZN
Amazon stock (NASDAQ: AMZN) opened Monday’s trading bell at $172 after dipping close to 1% during the last session. The leading e-commerce giant bled profusely in the charts as it’s down nearly 23% year-to-date. It hit a high of $242 in early February but plunged below the $200 mark as Trump imposed tariffs. The trade wars have proven costly to the US stock market as more than $2 trillion worth of wealth was wiped away after Liberation Day.
Also Read: Gold Prices Reach Historic High of $3,400
Raymond James Downgrades Amazon Stock: See AMZN Target
Leading wealth management firm Raymond James analyst Josh Beck recently downgraded Amazon stock’s prospects to Outperform from Strong Buy. The analyst previously wrote that AMZN could reach a high of $275 but has cut back on the prediction by a wide margin.
Also Read: Whales Dump $92.5 Million Worth of Dogecoin: How Will DOGE Trade Next?
According to the latest price prediction, Amazon stock could reach $195 after being downgraded from $275. That’s a steep decline for AMZN’s prospects as the stock has entered bearish territory. The global trade wars and tariffs have ignited a paradigm shift in the markets with uncertainties paving the way. While the 90-day tariff pause has cooled the markets, the threat of a decline looms large.
The global markets are in a sticky situation where things could begin to go downhill from July. If Trump does not scrap the tariffs on 185 countries, leading stocks could tumble in the charts. Amazon is the frontrunner in exchanging goods from businesses to consumers and the tariffs directly affect its stock.
Also Read: Tesla: Barclays Cuts TSLA Price Target To $275
AMZN could have difficult times if the tariffs are not scrapped by Trump after the 90-day pause in July. The broader markets could enter a bearish phase leading to price dips and overall stagnation of wealth. Investments from both retail and institutional funds could decline during the upcoming crash eroding investors’ confidence in the markets.
Read More