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Tesla To $303? Here Are 10 Top Analyst Forecasts For Wednesday - American Express (NYSE:AXP), Amazon.com (NASDAQ:AMZN)

1. Telsey Advisory Group cut AMZN price target from $275 to $235. 2. Joseph Feldman maintained an Outperform rating on Amazon. 3. AMZN shares closed at $173.18 on Tuesday. 4. Analyst outlooks vary widely among major stocks. 5. This change reflects broader market sentiment and stock volatility.

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FAQ

Why Bearish?

While the rating remains 'Outperform,' the price target cut indicates reduced growth expectations. Historical cuts in price targets, such as during the pandemic, often preceded periods of volatility or decline in stock value.

How important is it?

Analyst adjustments can significantly influence investor sentiment and stock price, especially for a high-profile stock like AMZN.

Why Short Term?

Analyst rating changes tend to have immediate effects. The downgrade suggests potential short-term downward pressure on AMZN shares due to lowered expectations.

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