Amazon downgraded by Itau BBA with a new price target
$AMZN
Catalog/Specialty Distribution
Consumer Discretionary
Itau BBA downgraded Amazon from Outperform to Market Perform and set a new price target of $186.00
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $230.00 | Overweight | Cantor Fitzgerald |
| 8/2/2024 | $238.00 → $251.00 | Buy | Maxim Group |
| 8/2/2024 | $186.00 | Outperform → Market Perform | Itau BBA |
| 7/30/2024 | $217.00 → $224.00 | Buy | UBS |
| 7/17/2024 | $205.00 → $210.00 | Buy | Needham |
| 7/16/2024 | $225.00 → $250.00 | Buy | Goldman |
| 7/16/2024 | $250.00 | Outperform | Wolfe Research |
| 7/10/2024 | $225.00 → $245.00 | Buy | TD Cowen |
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Intel to Produce Custom AI Fabric Chip on Intel 18A and Custom Xeon 6 Chip on Intel 3 for AWS; Multi-Year, Multi-Billion-Dollar Collaboration Accelerates Development of Chip Manufacturing in Ohio Intel Corp. (INTC) and Amazon Web Services. Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), today announced a co-investment in custom chip designs under a multi-year, multi-billion-dollar framework covering product and wafers from Intel. This is a significant expansion of the two companies' longstanding strategic collaboration to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications. This press release features multimedia. View the
Pathfinder's capabilities are now available via the cloud, giving law enforcement new deployment options to accelerate justice TYSONS CORNER, Va. and PETAH TIKVA, Israel, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today Pathfinder in the Cloud with Amazon Web Services (AWS) (NASDAQ:AMZN), allowing customers to access Cellebrite's industry-leading investigative analytics solution, Pathfinder, through the secure Amazon Virtual Private Cloud (VPC). Now available for on-premises and cloud use, Pathfinder drastically reduces the hours investigators and ana
NFL Media Implements Generative AI Tools to Boost Operational Efficiency The National Football League and Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), today announced an extension of their long-term partnership. Since 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS's artificial intelligence (AI) and machine learning (ML) services to shape the future of football. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910844846/en/(Graphic: Business Wire) The global partnership will be on display during this week's games with the debut of a new AI-powered Next Gen Stat that change
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
Amazon.com Inc (NASDAQ:AMZN) shares are slightly lower Thursday. The company announced a strategic collaboration with GE HealthCare and was selected by the National Basketball Association (NBA) to telecast NBA games over the next decade. What Happened: GE HealthCare and Amazon Web Services (AWS) announced a strategic collaboration to develop foundation models and generative AI applications aimed at helping clinicians improve medical diagnostics and patient care. GE Healthcare said it will use AWS’s generative AI services to build and implement new foundation models. The models are expected to streamline healthcare operations, increase diagnostic and screening accuracy, enhance outcomes
"Hedging Is Gaining Traction" That's what Goldman Sachs's flow of funds guru Scott Rubner said in his note earlier today ("I Am Not Buying This Dip"). He also pointed out that four of the Magnificent Seven mega caps are reporting earnings next week: Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Apple, Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN), and that if their results and guidance are not "great", those stocks will likely get punished in this market environment. In the video below, I show inexpensive ways of hedging Microsoft and Meta ahead of their earnings next week. I mention a couple of times there that there's a link to download the newly
Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
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For Immediate Release: November 14, 2023 Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: On Monday, the FDA updated the advisory for the Investigation of Elevated Lead Levels in Cinnamon Applesauce Pouches to include an expanded recall from WanaBana LLC to include Weis and Schnucks-brand cinnamon applesauce pouches. As of November 13, 2023, there
Cantor Fitzgerald initiated coverage of Amazon with a rating of Overweight and set a new price target of $230.00
Maxim Group reiterated coverage of Amazon with a rating of Buy and set a new price target of $251.00 from $238.00 previously
Itau BBA downgraded Amazon from Outperform to Market Perform and set a new price target of $186.00
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024. Net sales increased 10% to $148.0 billion in the second quarter, compared with $134.4 billion in second quarter 2023. Excluding the $1.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2023. North America segment sales increased 9% year-over-year to $90.0 billion. International segment sales increased 7% year-over-year to $31.7 billion, or increased 10% excluding changes in foreign exchange rates. AWS segment sales increased 19% year-over-year to $26.3 billion.
Amazon.com, Inc. (NASDAQ:AMZN) announced today that it will hold a conference call to discuss its second quarter 2024 financial results on Thursday, August 1, 2024, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir. View source version on businesswire.com: https://www.businesswire.com/news/home/20240718319115/en/
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2024. Net sales increased 13% to $143.3 billion in the first quarter, compared with $127.4 billion in first quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with first quarter 2023. North America segment sales increased 12% year-over-year to $86.3 billion. International segment sales increased 10% year-over-year to $31.9 billion, or increased 11% excluding changes in foreign exchange rates. AWS segment sales increased 17% year-over-year to $25.0 billion.