Investing
Add as a preferred source on GoogleThe estimate was about 8% and did not indicate whether shares would rise or fall.
Options contracts were priced for an Amazon share-price change of roughly 8% after the report, equal to about $20, with no indication of whether the move would be up or down.
Amazon scheduled its third-quarter release for after the U.S. market closed Oct. 29. A management conference call was set for 5 p.m. ET.
UBS analyst Stephen Ju lifted the previous $318 target by $30 and kept the bank’s Buy rating. Amazon’s Oct. 26 reference price was about 28% below the new target.
Current remaining performance obligations rose 21% in constant currency to $13.65 billion, while ServiceNow expects fourth-quarter growth of 18.5%.
The recommendations span three buy calls, two long-term holds and one partial-sale call. Hyundai reported record Q2 FY27 sales as profit and its EBITDA margin declined.
