shares of amazoncom inc amzn slumped 48 in afternoon trading tuesday adding to mondays 28 drop after ubs analyst lloyd walmsley cut his stock price target to 167 from 209 citing some risks to the ecommerce and cloud giants financial outlook depending no the macroeconomic environment walmsley lowered his revenue estimate for 2022 to 5232 billion from 5267 billion and for 2023 to 5987 billion from 6159 billion walmsley kept his rating at buy however as his lowered price target still implied about 43 upside from current levels and his longerterm outlook remained upbeat we see risk to the consensus revenue and operating income outlook near term through for investors with longerterm time horizons we think the current riskreward looks compelling walmsley wrote in a note to clients we do see margins improving in 2023 as the company cuts fulfillment and logistics capacity sees covid costs continue to come out of the pl profitandloss benefits from a full year of the prime price hikes and the fuel surcharges amazons stock has tumbled 354 year to date while the sp 500 spx has dropped 194