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Amazon's After-Hours Drop Leaves It Below Wall Street's Lowest Price Target

Published Source: BeInCryptoRead original

Crypto Insight Summary: Amazon stock fell 7.30% after hours on Thursday to $225.99, from its $243.79 close. The drop left it below $230, the lowest of 42 analyst price targets tracked by TipRanks. The sell-off came after a third-quarter miss on earnings and revenue. Free cash flow was negative for a second straight quarter. The 12-month outflow widened Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Amazon's earnings miss may trigger mild risk-off sentiment across crypto markets.

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Amazon's After-Hours Drop Leaves It Below Wall Street's Lowest Price Target — Crypto Insight