The AWS distribution is to capture more business. It will also strengthen its position as more and more enterprises move their workloads to the cloud. Recently, an analyst at UBS cut his price target on Amazon shares from $209 to $167. It cited "certain risks" to the financial outlook in the current macro environment. Despite lowered revenue estimates for 2022 and 2023, the long-term outlook remains optimistic. There are risks to the consensus earnings and operating income outlook in the near term. However, for investors with a longer time horizon, the current risk/reward looks compelling.