Amazon stock price target lowered by analysts

After recent earnings and revenue projections fell short of expectations, and price reacted accordingly, marking the largest one-day decline in over two years, a number of analysts have lowered their price targets for Amazon (NASDAQ: AMZN) stock in the next 12 months.Indeed, Amazon reported earnings of $1.26 per share, beating the predicted $1.03, but failed to meet the expected revenue of $146.68 billion, instead delivering $147.98 billion and projecting the third quarter profit between $154 billion and $1 ...