Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Another Analyst Gets Cautious On Amazon After BNP Paribas

  • Rosenblatt analyst Barton Crockett initiated coverage of Amazon.com Inc (NASDAQ:AMZNwith 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.