Amazon (AMZN) shares fell 1.63% to trade at $239.05, mirroring the broader tech sector weakness driven by disappointing competitor earnings, despite Wedbush reiterating its Outperform rating.
- The stock's decline tracked the NASDAQ Composite drop of 1.93%, which was pressured by Big Tech earnings, including a 10% plunge by Microsoft.
- Wedbush maintained a price target of $340 for AMZN.
- The company is scheduled to report Q4 earnings on February 5, 2026, with consensus expectations set at $1.98 EPS and $211.53B in revenue.