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Technology Stocks :, Inc. (AMZN)
AMZN 1,741+0.3%2:19 PM EST

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From: Julius Wong10/15/2019 9:30:11 PM
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Amazon bull says don't buy before earnings

Jefferies warns investors not to buy Amazon (AMZN +2.3%) on weakness ahead of the October 24 earnings report.

Analyst Brent Thill says "Q4 consensus operating income may prove to be a stretch" and this "could weigh on AMZN shares if guidance once again falls short of street numbers."

The firm still sees long-term growth potential in higher-margin businesses like advertising and Amazon Web Services.

Jefferies maintains a Buy rating and $2,300 price target. Amazon has a Buy average Sell Side rating.
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