Amazon.com price target lowered to $265 from $270 at Truist

Truist lowered the firm’s price target on Amazon.com (AMZN) to $265 from $270 but keeps a Buy rating on the shares. The company outperformed Q4 expectations, reflecting excellent underlying fundamentals, and also guided to a soft Q1 on higher FX headwinds and a much higher 2025 capex, dampening growth and margin expectations for the year, the analyst tells investors in a research note. Truist adds however that it remains bullish and views Amazon as one of the best plays on the secular growth of e-Commerce, Cloud, advertising and logistics-as-a-service, also noting that the stock trades “at a compelling valuation”.