Amazon Layoff Plans And More Price Target Changes By The Most Accurate Analysts

Amazon.com, Inc AMZN is planning to terminate the services of more than 18,000 workers. The staff reduction at Amazon is the highest in the past year at a major technology company, reported the Wall Street Journal.

Evgo Inc EVGO has also collaborated with Amazon.com to support an Alexa-enabled EV charging experience.

Amazon shares fell 2.4% to close at $83.12 on Thursday, but added 0.1% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the eCommerce giant in the recent period.

• Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating on the stock on December 19, 2022, and slashed the price target from $170 to $150. This analyst sees around 80% upside in the company’s stock and has an accuracy rate of 69%.
• JP Morgan’s analyst Doug Anmuth maintained an Overweight rating on December 16, 2022, and cut the price target from $145 to $130. This analyst sees around 56% upside in the company’s stock and has an accuracy rate of 81%.
• Cowen & Co. analyst John Blackledge maintained an Outperform rating on December 1, 2022, and raised the price target from $150 to $160. This analyst sees around 92% upside in the company’s stock and has an accuracy rate of 40%.
• Piper Sandler’s analyst Thomas Champion maintained an Overweight rating on November 22, 2022, and cut the price target from $125 to $119. This analyst sees around 43% upside in the company’s stock and has an accuracy rate of 34%.
• Rosenblatt analyst Barton Crockett reiterated a Neutral rating on the stock on November 14, 2022, and slashed the price target from $118 to $103. This analyst sees around 24% upside in the company’s stock and has an accuracy rate of 52%.

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