AMZN Amazon.com Inc

The prospect of a recession is real, and many financial experts think one could be lurking around the corner. Truist analyst Youssef Squali is one of them, believing there is now a “greater probability for a mild recession in 2023.” This, along with “growing headwinds” from FX are why the 5-star analyst thinks it’s time to make some adjustments to his Amazon (AMZN) model. Squali has lowered his FY23 estimates, but more in the here and now, in Q3, Squali expects the e-commerce giant to deliver revenue of $125 billion, below his prior forecast for $126.7 billion and at the low end of management's guidance of $125-130 billion.
https://www.tipranks.com/news/article/headwinds-to-persist-for-amazon-but-the-stock-still-looks-attractive-says-top-analyst?utm_source=advfn.com&utm_medium=referral