Amazon Issues Soft Forecast Despite Q1 Beat

Group 1 - Amazon.com Inc (NASDAQ:AMZN) is experiencing a 1.4% increase in stock price after issuing a wider-than-expected second-quarter operating income forecast that missed estimates, citing tariff-related uncertainty as a factor [1] - CEO Andy Jassy expressed optimism that Amazon can emerge stronger, noting that some sellers may maintain stable prices, potentially giving Amazon a competitive advantage [1] - The company reported a first-quarter performance that exceeded expectations on both revenue and earnings [1] Group 2 - Year-to-date, Amazon's stock is down 13.3%, with April marking the third consecutive monthly decline, although the 3.1% drop in April was less severe than the double-digit declines in March and February [2] - The shares are currently attempting to stabilize around their 40-day moving average after briefly reclaiming this trendline for the first time since early February [2] Group 3 - Following the earnings report, at least 15 brokerages reduced their price targets for Amazon, with the most significant cut from Susquehanna, lowering the target from $275 to $225 [3] - Despite the downward revisions, many price targets remain near or above $230, with the average 12-month target price at $243.02, indicating a 27.8% premium over the last closing price [3]