Goldman cuts its price target for Amazon to $182 from $190 following last night's earnings report. The bank's analysts cut their 2012 revenue forecast by $2B to $63.6B and GAAP operating margin to 0.3% vs. consensus 1.8%. While overall Kindle sales probably came in well below hopes for 13.9M units, Kindle Fire likely hit the bank's 6M target. AMZN -9.1% premarket.
Goldman cuts its price target for Amazon to $182 from $190 following last night's earnings...
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Amazon.com, Inc. |