AMZN: Sell Amazon: Why We Disagree With Analysts

Sell Amazon: Why We Disagree With Analysts
by Qineqt

Amazon's (AMZN) recent earnings release came as a shock because it reported a quarterly loss for the first time in nine years. Its share price went down 9% after the release. The main reason behind the dismal performance of the company was its heavy spending, which drove profits down and caused losses to the company. The sell side is bullish with price targets ranging from $220 to $275. However, we disagree with the consensus and are bearish on AMZN for this year. read more »

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