Amazon’s lackluster outlook for FY25 and as-expected growth in its cloud services business may have spooked investors, but Wall Street analysts see the 4% drop in the share price as a buying opportunity and are holding firm on their bullish outlook for the stock.

UBS analyst Stephen Ju adjusted the price target for Amazon.com (NASDAQ:AMZN) stock, bringing it down slightly from $275.00 to $272.00, while reaffirming a Buy rating on the shares. With the stock currently trading at $230.