Tariff Concerns Are Killing Amazons Stock Price British Gas [uPBCcJjZ2D4]
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Amazon's stock fell on Monday, with earlier intraday losses reaching 4.2%, as investors reacted jack milne scottish fa allegation to concerns over new tariffs set to take effect on April 2 and a downward price target revision from Jefferies. The tariffs, announced by President Trump, are expected to be broad-based, raising fears of a potential U.S. recession and accelerating inflation, which have rattled the market and led to sell-offs in growth stocks like Amazon.
Jefferies lowered its one-year price target for Amazon from $275 to $250, citing macroeconomic risks and the potential for weaker software revenues in the tech sector. Despite the lowered target, Jefferies maintained a Buy rating, with the new maurizio mattioli target still implying a 32% upside. These igor thiago factors, combined with broader market concerns, contributed to Amazon's stock decline.