Amazon.com price target lowered to $240 from $265 at Barclays

Barclays lowered the firm’s price target on Amazon.com (AMZN) to $240 from $265 and keeps an Overweight rating on the shares following the Q1 report. Amazon is handling a “very difficult backdrop as best it can, and frankly a few billion dollars of incremental retail cost seems like a win at this stage,” the analyst tells investors in a research note. The firm says the deceleration in Web Services “raises a few eyebrows” but is mostly explained by artic ail intelligence capacity timing, which should get better in the second half of 2025.