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Benzinga
Benzinga
Business
Anusuya Lahiri

Another Analyst Gets Cautious On Amazon After BNP Paribas

Amazon Barton Crockett Amazon.com Inc. Nasdaq Rosenblatt
  • Rosenblatt analyst Barton Crockett initiated coverage of Amazon.com Inc (NASDAQ:AMZN) with a Neutral rating and a $3,000 price target (5% downside). 
  • Crockett saw inflation hurting retail sales.
  • Also Read: Here's Why This Analyst Is Cautious On Amazon
  • Crockett did not see Amazon's core business in online stores and third-party services recover growth after faltering in late 2021.
  • Crockett contended that the post-pandemic consumer rotation to services from goods could be long-lived, and Amazon's rivals have upped their retail game considerably.
  • Price Action: AMZN shares closed higher by 3.49% at $3,162.31 on Tuesday.
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