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Benzinga
Benzinga
Business
Chris Katje

Here's Why Analysts Are Lowering Price Targets On Amazon After Q1 Earnings

Amazon Aaron Kessler Barton Crockett Laura Martin Nasdaq Joseph Feldman Scott Devitt Products United States

E-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) reported mixed earnings Thursday and announced guidance that came in lower than analysts' estimates for the second quarter. Here's why analysts are lowering their price targets and sound more cautious moving forward. 

The Amazon Analysts: MKM Partners analyst Rohit Kulkarni had a Buy rating and lowered the price target on Amazon from $4,000 to $3,625.

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