Amazon's After-Hours Drop Leaves It Below Wall Street's Lowest Price Target
Amazon stock fell 7.30% after hours on Thursday to $225.99, from its $243.79 close. The drop left it below $230, the lowest of 42 analyst price targets tracked by TipRanks. The sell-off came after a third-quarter miss on earnings and revenue. Free cash flow was negative for a second straight quarter. The 12-month outflow widened The post Amazon's After-Hours Drop Leaves It Below Wall Street's Lowest Price Target appeared first on BeInCrypto.
Key Takeaways
- Amazon stock fell 7.30% after hours on Thursday to $225.99, from its $243.79 close.
- The drop left it below $230, the lowest of 42 analyst price targets tracked by TipRanks.
- The sell-off came after a third-quarter miss on earnings and revenue.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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