Amazon's After-Hours Drop Leaves It Below Wall Street's Lowest Price Target

Amazon shares fell 7.30% in after-hours trading on Thursday to $225.99 from a $243.79 close, dropping below $230, the lowest of 42 analyst price targets tracked by TipRanks. The decline followed a third-quarter earnings and revenue miss: earnings per share were $1.89 versus the $1.96 LSEG consensus, and revenue was $201.9 billion against a $202.3 billion estimate. Free cash flow was negative for a second consecutive quarter, with the 12-month outflow widening to $42.4 billion from $7.6 billion as AI spending rose. AWS revenue grew 39% to about $46 billion and beat estimates, while the average analyst target was $332.26.