Truist lowered the firm’s price target on Amazon.com (AMZN) to $230 from $265 and keeps a Buy rating on the shares. The firm is also reducing its FY26 revenue view to $690.8B from $697.1B and its FY26 view to $746.9B from $761.7B due to tariff concerns, particularly those with China. While there are several currents and countercurrents hurting and benefiting Amazon at the same time, the net net of this is an increase in prices virtually across the board and a likely slowdown in consumer spending, which will weigh on the company’s growth for the rest of FY25 and FY26 and on margins, the analyst tells investors in a research note.
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