Amazon’s earnings are coming—and its stock is slipping.
Shares of the tech and retail giant were recently down nearly 3%, outpacing broader markets’ Wednesday slide .
Amazon ( AMZN ) isn’t the only Magnificent Seven stock set to report results this week—they’re due after Thursday’s closing bell alongside Apple’s ( AAPL ), while Meta Platforms ( META ) and Microsoft ( MSFT ) are slated to report later today—but, of the four, they’re making the most dramatic move of the day.
Wall Street analysts are looking for substantial revenue and earnings growth from Amazon, and they’ll be looking for clues as to the effect of Trump administration tariff policy on its business.
Management may also be asked about an episode yesterday in which, after a news outlet said the company planned to note the effects of tariffs on the prices people pay for its goods, Amazon met with stiff criticism from the White House. (The company later said it considered such a move, but only for part of its business, and it ultimately decided against it.)
Wall Street’s consensus price target is just under $241, according to Visible Alpha data, about a 29% premium to Tuesday’s close.
UBS analysts yesterday maintained a buy rating on the stock but cut their price target to $253 from $272, citing tariffs that could increase the prices of goods imported to the US, meaning consumers “might have to make more difficult choices on where to allocate their dollars.”
Read the original article on Investopedia