Analysts Are Cutting Price Targets of These 5 Stocks

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01. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 240

On May 1, Barclays analyst Ross Sandler reduced the target price for Amazon.com, Inc. (NASDAQ:AMZN) shares from $150 to $140 but maintained an Overweight rating on the stock. Sandler noted that Amazon.com, Inc. (NASDAQ:AMZN) showed significant improvements in all areas of its business during Q1, with retail revenue and operating income exceeding expectations and Web Services performing strongly. The analyst remains optimistic about the company’s prospects and believes the shares are attractive at current levels.

See also 12 Cheapest Penny Stocks According to Analysts and 10 Penny Stocks with Insider Buying.

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