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Add as a preferred source on GoogleIntel's target fell to $80, while Alphabet's dropped to $371 and Amazon's to $326.
Among four U.S. technology companies covered, SanDisk had Wells Fargo's steepest target reduction: $250, bringing the bank's figure to $1,300, while three other stocks also saw cuts.
Wells Fargo lowered Intel's target by $40 to $80 and Alphabet's by $46 to $371. Amazon's target declined by $3 to $326.
Amazon’s AWS sales climbed 39.3% to $46 billion in the third quarter, while quarterly property and equipment purchases more than doubled from a year earlier.
Amazon reported a $42.4 billion free-cash-flow outflow for the 12 months ended Sept. 30, while Intel said positive free cash flow was unlikely in 2027.
Amazon reported negative $42.4 billion in free cash flow over the 12 months through Sept. 30; Reuters said Intel’s fourth-quarter outlook was below LSEG estimates.
