Amazon's Cloud Outlook Panicked Investors. Don't Overreact, Analysts Say.
Amazon's mention of slowing revenue growth in its Amazon Web Services unit hit shares hard but analysts see reason to be positive.
Source: barrons.com
Stay updated with breaking news from Analysts 39 Comments. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Amazon's mention of slowing revenue growth in its Amazon Web Services unit hit shares hard but analysts see reason to be positive.
The internet infrastructure company has struggled lately, falling about 48% over the last 12 months.
The parent company of social media platform Snapchat has struggled recently, but one analyst team sees sunnier skies ahead.
Downgrades are mounting since Tesla reported disappointing first-quarter earnings on April 19.
Resilient search and YouTube earnings bode well, strategists at Citi and RBC say.