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Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.

Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta

☆ Goldman Sachs' Eric Sheridan previews Alphabet ahead of earnings
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Eric Sheridan previews Alphabet ahead of earningsEric Sheridan, Goldman Sachs Managing Director, joins 'Closing Bell: Overtime' to discuss Alphabet ahead of its earnings report tomorrow.

Persons: Goldman Sachs, Eric Sheridan

Kess raised his price target to $47 from $36, suggesting 11% upside from Tuesday's close. His price target, cut to $276 from $311, implies roughly 10% downside from Tuesday's close. "We upgrade SUN to Buy and lift our [target price] to $65 following several cash flow accretive transactions," Dounis wrote. "The January 11th transactions drive ~25% of the target price increase; the NS Acquisition drives the remaining ~75% increase." NKLA mountain 2020-07-01 NKLA since 2020 Still, the analyst's $2 price target implies the stock could surge more than 200% from here.

Persons: Morgan Stanley, Daiwa, Jonathan Kees, Kess, — Michelle Fox, Jon Tower, Chipotle, Sarah Min, Gordon Haskett downgrades Uber, Gordon Haskett, Robert Mollins, Uber, Mollins, — Jesse Pound, Colin Bristow, Bristow, Michael Tyndall, Stellantis, Tyndall, — Sarah Min, Pierre Ferragu, Lisa Su, Ferragu, Sunoco, Spiro Dounis, Dounis, Baird, Nikola, Ben Kallo, NKLA, Kallo, it's, Jessica Reif Ehrlich, Morgan Stanley's Benjamin Swinburne, Swinburne, Goldman Sachs, Eric Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Big Tech, Wall Street, NewStreet Research, Verizon, Daiwa, Verizon Communications, VZ, Citi, Mexican, UBS downgrades, UBS, HSBC, AMD, Research, NuStar Energy, Zenith Energy, Energy, Netflix, Bank of America, Apple Apple, Edge, Apple Locations: Seattle, Biogen, Skyclarys, Stellantis, Europe, China

☆ Here are Goldman's top tech stock picks into year-end
▼ + stars: | 2023-11-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs is naming a list of stock picks – including some notable tech behemoths – that could strike the perfect balance of risk and reward as the year winds down. The stock is rated buy, and Goldman has a 12-month price target of $190. Goldman's 12-month price target of $59 implies upside of nearly 10% from Wednesday's close. UBER YTD line Uber shares in 2023 Finally, Google-parent company Alphabet stock has climbed roughly 54% from the start of the year. Goldman's $384 price target suggests upside of 15% from Wednesday's close.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Goldman, Sheridan's, Meta, CNBC's Michael Bloom Organizations: Tech, Nasdaq, Web Services, Google Locations: Wednesday's

☆ Top Wall Street analysts are confident in the long-term potential of these stocks
▼ + stars: | 2023-11-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.

Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow

☆ Goldman is sticking by this beaten-up IPO, sees more than 75% upside
▼ + stars: | 2023-11-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs thinks Instacart could be poised for a comeback. The firm reiterated a buy rating on the grocery delivery stock alongside a $48 per share price target. The company's initial public offering valued Instacart at roughly $10 billion. CART YTD mountain Instacart stock. Goldman Sachs analyst Eric Sheridan said the long-term view for Instacart remains sound, and the company will benefit from greater adoption of its platform and stronger advertising revenue.

Persons: Goldman Sachs, Instacart, Eric Sheridan, Sheridan, Michael Bloom Organizations: CART

☆ 'AI advancement driving engagement': Here's how Wall Street is reacting to Meta's 3rd-quarter earnings
▼ + stars: | 2023-10-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Here's how Wall Street analysts are reacting to Alphabet's third-quarter earnings report. But soft guidance for Meta's fourth-quarter revenue, sparked by the Israel-Gaza war, could be contributing to the sell-off in the stock. Most Wall Street analysts view Thursday's decline in Meta stock as a buy the dip opportunity. Here's what they're saying:William Blair: "AI advancement driving engagement across the organization"Meta's work in artificial intelligence is encouraging to analyst Ralph Schackart at William Blair, who said in a Wednesday note that "AI advancement [is] driving engagement across the organization." AdvertisementAdvertisementMeta's AI tools for advertisers are also showing meaningful growth, with its Advantage Plus shopping campaigns scaling to a $10 billion revenue run rate.

Persons: WhatsApp, —, Meta, Susan Li, William Blair, Ralph Schackart, Schackart, Goldman Sachs, Eric Sheridan, Sheridan, Doug Anmuth, Anmuth Organizations: Facebook, Service, JPMorgan, Meta Locations: Israel, Gaza, Asia

☆ Wall Street wants to know how Google's going to profit from AI
▼ + stars: | 2023-10-24 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

In the age of AI hype, few companies have used the word "AI" more than Google. Now, Wall Street wants know how it'll turn the hyped tech into dollars and cents. With SGE, Pichai said it'll be able to include "a wider range of sources on the results page, creating new opportunities for content to be discovered." Pichai added that with AI, he sees the opportunity to "evolve search and assistant for the next decade ahead." "It's probably the ultimate example of AI," Pichai said in response to Sheridan's question.

Persons: Bard, Lloyd Walmsley, Pichai, Brian Nowak, Morgan Stanley, Nowak, it'll, Philipp Schindler, we're, Schindler, UBS's Eric Sheridan, execs, Max, Google's, It's Organizations: Google, Deutsche Bank, YouTube, CNBC, Samsung, Toyota

☆ 'They crushed it.' Analysts cheer Netflix's strong third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Netflix 's better-than-expected quarterly earnings has analysts cheering the company's new subscriber growth initiatives, keeping them optimistic on the stock's growth potential. Yoon increased his price target to $390 from $375, implying 12.6% upside potential from Wednesday's close. Shares already rallied more than 13% Thursday during premarket trading, surpassing his price target. Anmuth raised his price target to $480 from $455, implying shares could jump 38.6% from Wednesday's close. UBS, Citi and Evercore all reiterated their price targets of $500 on shares, while Bank of America kept its $525 target price.

Persons: Bernstein, Laurent Yoon, Yoon, Goldman Sachs, Eric Sheridan, Doug Anmuth, Anmuth, Brian Kraft, Kraft, John Hodulik, Hodulik, Jessica Reif Ehrlich, Mark Mahaney, Mahaney, –, Michael Bloom Organizations: Netflix, ARM, JPMorgan, Deutsche, Bloomberg, UBS, Citi, Bank of America, of America, Global, Revenue Locations: U.S, Wednesday's

☆ Top Wall Street analysts pound the table on these 5 stocks
▼ + stars: | 2023-08-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions. To that end, TipRanks, a platform that ranks analysts based on their past performance, has identified five stocks well liked by top-ranking analysts. Earlier this month, the company trounced analysts' second-quarter earnings estimates and returned to double-digit revenue growth. In particular, Feinseth expects RCL's "Perfect Day at CocoCay" private island resort to be a key growth driver and industry differentiator, which could fuel significant incremental revenue growth and yields. Feinseth holds the 266th position among more than 8,500 analysts on TipRanks.

Persons: Sachin Mittal, Mittal, Goldman Sachs, Eric Sheridan, Sheridan, Datadog, Kash Rangan, Rangan, Ivan Feinseth, Feinseth Organizations: Nasdaq, Amazon, TipRanks, Royal, Tigress, Netflix Locations: Mobile, Caribbean, North America

☆ Goldman says these stocks have the most upside, even as markets become choppy
▼ + stars: | 2023-08-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

The firm named a list of buy-rated stocks that it says are well positioned to withstand choppy markets. The firm said it sees "upside in [the] face of improving industry trends" after AppLovin's strong second-quarter earnings report earlier this month. Both continue to enjoy double-digit subscription revenue growth year over year, he said. Gartner "2Q beat, as healthy Research CV growth and margin upside should offset muted tech vendor trends to drive valuation upside. … We continue to see attractive valuation upside at Gartner following 2Q results, which outperformed our estimates and consensus on revenue, EBITDA margins & EPS."

Persons: Goldman Sachs, Eric Sheridan, he's, Sheridan, Lizzie Dove, Cedar's, George Tong, Tong, Archer, Gartner, … Gartner, …, Phillips Organizations: CNBC, Cedar Fair, Investments, Gartner, adv, The League, 2Q, Consulting, Refining, Chemicals, & & Locations: Gartner, Sheridan, Ohio

☆ Amazon just posted a blowout second-quarter report. What analysts are saying
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

AMZN 1D mountain Amazon popped after strong earnings JPMorgan's Doug Anmuth reiterated an overweight rating on Amazon and raised his price target to $180 price target, implying roughly 40% upside from Thursday's $128.81 close. Anmuth said on Friday that the second-quarter results and third-quarter outlook will help lift shares higher, and also pointed to strength in Amazon Web Services. Goldman Sachs analyst Eric Sheridan also hiked his price target to $180 from $165, keeping his buy rating on the stock. Bank of America's Justin Post, meanwhile, raised his price target to $174 from $154, implying a 35% gain from Thursday's close. Morgan Stanley's Brian Nowak increased his price target on Amazon to $175 to $150 and reiterated his overweight rating.

Persons: Doug Anmuth, Anmuth, AMZN, Goldman Sachs, Eric Sheridan, Sheridan, headwinds, Bank of America's Justin Post, Citi's Ronald Josey, Josey, Morgan Stanley's Brian Nowak, Nowak, Michael Bloom Organizations: Wall, Amazon, Web Services, Bank of America's, Amazon Web Services, 3Q Locations: Thursday's

☆ Meta stock up 6% after earnings as 'year of efficiency' pays off
▼ + stars: | 2023-07-27 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

The company on Wednesday reported earnings per share of $2.98, which was higher than the $2.91 per share expected by a survey of Refinitiv analysts. Revenue jumped 11% year over year to $32 billion, surpassing the $31.12 billion average analyst estimate, according to Refinitiv. For the third quarter, the Facebook parent company forecast revenue of $32 billion to $34.5 billion. Bank of America analyst Justin Post upped his price target on Meta shares to $375 from $350 and reiterated his buy rating on the stock. "Meta is hitting its stride again with a renovated tech stack and Reels strategy, gaining share in the industry," Post wrote in a Thursday report.

Persons: Mark Zuckerberg's, Goldman Sachs, Eric Sheridan, Justin Post, Post, CNBC's Michael Bloom Organizations: Revenue, Facebook, Meta, Bank of America, Labs Locations: opex

☆ Wall Street analysts become even more bullish on Meta after its latest earnings report
▼ + stars: | 2023-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Meta has had a breakout year in 2023 — and Wall Street analysts think the stock has even further room to grow after company's latest quarterly report. The new target price implies more than 25% upside from Wednesday's close. Bank of America analyst Justin Post also increased his price target on Meta shares to $375 from $350. META YTD mountain Meta shares in 2023 Meanwhile, UBS hiked its price target to $400 from $335, implying 34% further upside. He reiterated his overweight rating while lifting his price target to $425 from $300, one of the highest on the Street.

Persons: Meta, Morgan Stanley, Brian Novak, Novak, Justin Post, Goldman Sachs, Eric Sheridan, Sheridan, Wells, Ken Gawrelski, Gawrelski, Stephen Ju, Ju, UBS's Lloyd Walmsley, Walmsley, Doug Anmuth, — CNBC's Michael Bloom Organizations: Wall Street, Meta, Bank of America, Citi, Reality Labs, UBS, Credit Suisse Locations: opex

☆ Alphabet shares jump on beat and strong cloud growth
▼ + stars: | 2023-07-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Shares of Alphabet rose nearly 5.5% at the start of trading Wednesday, driven by stronger-than-expected second-quarter earnings and marked year-over-year growth in cloud computing revenue. But it was strong growth in cloud computing that stood out the most, with the company reporting $8.03 billion in Google Cloud sales, compared to a StreetAccount consensus of $7.87 billion. Google Cloud competes with Amazon Web Services and Microsoft Azure. The company also announced Wednesday that chief financial officer Ruth Porat would assume a newly created president and chief investment officer position.

Persons: Sundar Pichai, Goldman Sachs, Eric Sheridan, Ruth Porat, Porat, — CNBC's Jennifer Elias Organizations: Google LLC, Google, Revenue, Amazon Web Services, Microsoft, Wall Street Locations: San Francisco , California, U.S

☆ Wall Street analysts cheer Alphabet earnings, see more gains ahead for tech giant
▼ + stars: | 2023-07-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Google-parent Alphabet posted strong second-quarter numbers that had many Wall Street analysts gushing. Goldman Sachs analyst Eric Sheridan reaffirmed a buy rating on Alphabet stock, with his $152 price target implying more than 24% upside. Citi's Ronald Josey maintained a buy rating on with a higher $153 price target, which amounts to more than 25% upside for Alphabet stock. "As revenue growth reaccelerates on an improving online advertising environment and management's greater focus on operating efficiencies, we look for margins to expand going forward as revenue growth consistently outpaces opex growth," Josey said. Wells Fargo analyst Ken Gawrelski reiterated an equal weight rating on Alphabet stock on Wednesday, although with an increased $121 per share price target.

Persons: Morgan Stanley's Brian Nowak, Nowak, Bard, OpenAI, Goldman Sachs, Eric Sheridan, Sheridan, Bank of America's Justin Post, Citi's Ronald Josey, Josey, Wells, Ken Gawrelski, Michael Bloom Organizations: Google, Refinitiv, GOOGL, Microsoft, Bank of America's, Citi, Google Cloud Services, DOJ

☆ What Alphabet and Microsoft are saying about A.I. on their earnings calls
▼ + stars: | 2023-07-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Second-quarter earnings season brought heavyweight technology giants and artificial intelligence frontrunners Alphabet and Microsoft head-to-head in an all-too-familiar matchup. Alphabet shares rose 6% after the company reported better-than-expected quarterly results and 28% year-over-year growth in cloud revenue, while Microsoft lost 4% on disappointing revenue guidance and a delayed AI rollout . GOOGL YTD mountain Alphabet shares in 2023 Both Alphabet and Microsoft have spearheaded the effort, facing off with competing chatbots early in the year. Alphabet Alphabet rolled out its Bard chatbot worldwide during the second quarter, removed a testing waitlist and added a host of new capabilities. Microsoft Despite confidence in Microsoft's long-term capabilities, some investors and analysts seemed disappointed by the seemingly delayed rollout of many of its AI products.

Persons: Bard, Sundar Pichai, Pichai, Ruth Porat, Goldman Sachs, Eric Sheridan, Amy Hood, Karl Keirstead, Satya Nadella, — CNBC's Michael Bloom Organizations: Microsoft, Wall, UBS

☆ Goldman Sachs says this underperforming e-commerce stock can rally more than 30% going forward
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should buy shares of underperforming Chewy as the pandemic-driven consumer base matures and the company's earnings outlook improves, according to Goldman Sachs. Analyst Eric Sheridan upgraded pet supplies e-commerce stock Chewy to buy from neutral and raised his price target by $8 to $50. With this target, Sheridan thinks the stock can rally 31.6% over the next year from where it ended Friday. The stock has underperformed the S & P 500 this year, up just 2.5%. Margins should also get a boost as the company improves its supply chain and increases automation at fulfillment centers.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Chewy, — CNBC's Michael Bloom Locations: Monday's premarket

☆ Goldman Sachs says Yelp shares are worth buying, can rally more than 20%
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs is optimistic on Yelp as investors weigh the outlook for the digital advertising industry in the second half of 2023. Analyst Eric Sheridan upgraded the stock to buy from neutral and raised his price target by $9 to $47. Sheridan's new target implies shares could rally 23.3% from Friday's close. And Yelp is one stock in the space with a risk-reward skew that has turned more positive, Sheridan said. Despite the stock's rally, he said shares are still considered cheap when comparing price and earnings.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, — CNBC's Michael Bloom Organizations: Yelp Locations: Friday's

☆ Goldman says buy call options on these stocks that will report better-than-expected earnings
▼ + stars: | 2023-07-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. The firm compiled a list of stocks Goldman labels as "out-of-consensus opportunities" for put and call options ahead of each company's quarterly earnings report date. Goldman sees 3% upside to earnings consensus for the current quarter and 4% upside for the next four quarters. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months. Ahead of upcoming results, Goldman recommends buying call options for a $37.50 strike price, expiring in August.

Persons: Goldman Sachs, it's, John Marshall, Goldman, Toshiya Hari, NVDA, Kate McShane, BBWI, Eric Sheridan, — CNBC's Michael Bloom Organizations: Goldman, CNBC Pro, Nvidia, Body, eBay, EBAY

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

Goldman Sachs has a slightly more optimistic outlook on Netflix now. Analyst Eric Sheridan upgraded shares to neutral from sell. Sheridan noted that Netflix shares have popped 135% since Goldman added Netflix to its sell list in June 2022. NFLX YTD mountain NFLX in 2023 Netflix is scheduled to announce its most recent quarterly earnings report July 19. Goldman anticipates Netflix's subscriber performance to top Wall Street's estimates.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Goldman, — CNBC's Michael Bloom Organizations: Netflix Locations: Monday's

Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.

Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia

☆ Pinterest's guidance is disappointing, but its Amazon partnership shows promise, analysts say
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Wall Street analysts were mixed on Pinterest after its latest earnings results, saying the near-term outlook appears murky, though an Amazon partnership seems promising. While the image-sharing company beat expectations on the top and bottom lines in its first quarter, it issued second-quarter revenue growth expectations that were disappointing. Along with its results Thursday, Pinterest said Amazon will be its first partner for third-party ads. Bank of America's Justin Post reiterated a neutral rating, calling Pinterest a "near-term disappointment, long-term opportunity." Meanwhile, Goldman Sachs' Eric Sheridan maintained a buy rating, saying the engagement trends are pointing in the right direction.

☆ Wall Street analysts say Amazon is still a buy, but investors should ‘stay patient’ on AWS
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Amazon is still a buy after its latest earnings results, even with some weakness in Amazon Web Services, according to Wall Street analysts. The online retail stock initially jumped Thursday night after Amazon reported better-than-expected revenue in its first quarter . Amazon shares were last down about 1% in the premarket. AMZN 1D mountain Amazon shares 1-day However, analysts stayed bullish long term on Amazon, citing continued upside in retail, but they urged investors to "stay patient" on AWS and look toward the long-term opportunity in cloud services. Meanwhile, Goldman Sachs' Eric Sheridan reiterated his buy rating on Amazon, and raised his 12-month price target to $165 from $145.

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