Amazon Stock Falls On Earnings Despite AWS 'Growing At Its Fastest Clip In 4 Years'
Amazon's stock fell despite reporting strong first-quarter financial results driven by its AWS segment, which showed its fastest growth in four years. Analysts from Goldman Sachs, Scotiabank, Rosenblatt, JPMorgan, and Needham reiterated Buy or Outperform ratings and raised their price targets, citing AWS's acceleration, strong backlog, and AI integration. The article highlights Amazon's competitive advantages in hardware and business mix, with Prime Video also achieving profitability for the first time.
https://www.benzinga.com/analyst-stock-ratings/analyst-color/26/04/52186799/amazon-stock-falls-on-earnings-despite-aws-growing-at-its-fastest-clip-in-4-years