Bank of America resets Amazon stock price target before earnings
Amazon (AMZN) stock has gained about 5.3% over the past five days, at the time of writing, Tuesday afternoon, Jan. 27, according to Yahoo Finance. The company has set a Q4 earnings release for February 5, and investors are hoping it will beat consensus estimates, as it did in Q3.
I covered Q3 results in my article “Bank of America resets Amazon stock price after earnings smasher.”
Other factors are helping the stock, too.
“Now, as early as Tuesday next week, Amazon will reportedly announce the second round of its broader layoff plan; the number is expected to be the same as in October: 14,000. This can impact employees across its Prime Video, human resources, and Amazon Web Services units,” writes Aparajita…
