In brief

  • Amazon shares fell 7.3% after the market closed, dropping below Wall Street’s lowest price target

  • Free cash flow over the last 12 months fell to an outflow of $42.4 billion due to AI spending.

  • The average analyst price target of $332.26 is still about 47% higher than the stock price.

Read the original story Amazon’s after-hours drop takes it below Wall Street’s lowest price target by Kamina Bashir on fi.beincrypto.com