Amazon stock closed 3% lower Monday as Wells Fargo analysts downgraded shares, noting that the company's strength in the cloud services market won’t be enough to stave off other hurdles to its ...

Wells Fargo Skeptical On Visibility, Potential Headwinds. Wells Fargo's downgrade marks a rare moment of skepticism toward Amazon, with Gawrelski stating, “We are selling our 7.6% AMZN position ...

Summary. Wells Fargo downgraded Amazon's shares due to margin pressures and the reduced, positive impact of its advertising business, but maintains a long-term bullish outlook on the name.

Analyst expectations for where Amazon stock is headed vary, but Wall Street remains optimistic overall, especially in the ...

Wells Fargo sees Amazon's Q3 revenue near the midpoint of guidance at $157.1B, with AWS a bit stronger and retail a bit weaker driven by similar factors as 2Q—a mixed consumer and trade-down ...

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Top 10 Software and Technology Stocks to Buy Now. Wells Fargo upped the price target on the company’s stock to $238 from $201, while keeping an “Equal ...

Shares of Amazon and Tesla are among Wells Fargo’s “high-conviction” picks for the second quarter, but the analysts there see those stocks heading in different directions.

Investing.com -- After downgrading Amazon (NASDAQ:AMZN) this week, Wells Fargo said it is increasing its Microsoft (NASDAQ:MSFT) position, recommending investors focus on the tech giant as part of ...

Amazon has delayed some commitments around new data center leases, Wells Fargo analysts said Monday, the latest sign that economic concerns may be affecting tech companies' spending plans. A week ...