Amazon’s $267 Billion Summer Wipeout Tests Wall Street’s Love
- Shares approach bear-market levels after recent sales forecast
- Amazon analysts remain uniformly positive on its prospects
Photographer: Rachel Jessen/Bloomberg
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It’s rare to see just about everyone on Wall Street agree on something, but that’s the case when it comes to Amazon.com Inc.
Every single analyst who rates the stock -- all 55 of them -- recommends clients buy it, according to Bloomberg data. Active fund managers “are even more overweight” the name now than they were a year ago, per a Bank of America report on Aug. 10.