Amazon.com (AMZN) News Today

Amazon.com, Inc. (NASDAQ: AMZN) saw its shares decrease today amid a mix of bullish analyst upgrades, strategic shifts in its grocery operations, and growing scrutiny of its device and drone programs. Key developments influencing investor sentiment include:

• Positive Sentiment: Mizuho Securities reiterated its Buy rating on AMZN and kept a $300 price target, citing strong growth prospects for AWS. Mizuho Securities Reiterates Buy Rating on Amazon, Keeps PT at $300
• Positive Sentiment: The Goldman Sachs Group raised its price target on AMZN from $240 to $275 and maintained a Buy rating, highlighting Amazon’s leadership in cloud and e-commerce. Amazon.com (NASDAQ:AMZN) Given New $275.00 Price Target at The Goldman Sachs Group
• Positive Sentiment: Analyst Steven Dickens said AWS still offers a long runway for growth and that Amazon’s other businesses have built a wide moat heading into the holiday season. Dickens: AMZN AWS Offers Long Runway, Other Businesses Build Wide Moat
• Positive Sentiment: Piper Sandler noted Instacart is falling behind as Amazon and other retailers battle for online grocery customers, underscoring Amazon’s competitive edge in the segment. Is Instacart Falling Behind As Amazon, Uber, And Walmart Battle For Grocery Customers?
• Neutral Sentiment: Jeff Bezos said the AI boom may be an “industrial bubble” that could burst but insisted the underlying technology is real and transformative. Jeff Bezos Says AI Bubble May Burst But ‘AI Is Real’
• Neutral Sentiment: CNBC and other outlets highlighted Amazon’s push into smart home devices as it competes with Google to make voice-AI the next major consumer interface. Google and Amazon are turning your home into the next AI battlefront
• Neutral Sentiment: MarketBeat’s screeners named Amazon one of the top retail stocks to watch, reflecting ongoing investor focus on e-commerce momentum. Retail Stocks To Watch Today - October 3rd
• Neutral Sentiment: 24/7 Wall St. published bull, base and bear forecasts for AMZN’s share price by 2030, highlighting long-term scenarios without immediate catalyst. Amazon (NASDAQ: AMZN) Stock Price Prediction in 2030: Bull, Bear, & Baseline Forecasts (Oct 3)
• Negative Sentiment: Amazon confirmed it will close four Fresh supermarkets in Southern California as it refocuses its grocery strategy around Whole Foods. Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting
• Negative Sentiment: Rob Williams, VP of Device Software and Services, left Amazon days after its fall product launch, raising concerns about leadership turnover. Amazon Loses Its Vice President of Device Software and Services
• Negative Sentiment: Two Prime Air drones collided with a crane in Arizona, triggering NTSB and FAA probes and a temporary pause in deliveries. Amazon delivery drones crash into crane, prompting NTSB, FAA investigation
• Negative Sentiment: A report warned that surging AI investments are pushing tech giants like Amazon into debt markets, potentially weighing on future cash flow. Amazon, Meta Beware: The AI Spending Boom Is Pushing Tech Firms Into A Debt Spiral