Amazon.com price target lowered to $226 from $230 at Truist

Truist lowered the firm’s price target on Amazon.com (AMZN) to $226 from $230 and keeps a Buy rating on the shares. The company’s Q1 results were slightly ahead on the top line and notably higher on the bottom line, reflecting healthy growth across Stores, AWS and Advertising, while a mixed Q2 guide with in line revenue shows that the platform remains resilient and not experiencing any notable pullback in demand from tariffs or a softening macro, the analyst tells investors in a research note. A slightly lower operating income guide reflects higher expenses amid Kuiper launches and pre-purchase of inventory, the firm adds.