- Analysts are buzzing over the quarter turned in by Amazon (NASDAQ:AMZN) on the back of operating income strength from the AWS business.
- GBH Insights' Daniel Ives sums up the vibe. "In a nutshell, Amazon remains one of our favorite secular tech growth stories for FY18... and these robust results and 2018 outlook support the Amazon consumer growth thesis, coupled by cloud strength on the AWS segment which is still in the early innings of playing out among enterprises globally on the secular cloud theme," he writes.
- Wall Street PT hikes on Amazon: Morgan Stanley (NYSE:MS) to $1,500 from $1,400; Barclays (LON:BARC) to $1,580 from $1,210; Credit Suisse (SIX:CSGN) to $1,750 from $1,410; Mizuho to $1,700 from $1,300; JPMorgan (NYSE:JPM) to $1,650 from $1,385; Bank of America Merrill Lynch (NYSE:BAC) to $1,650 from $1,460.
- On the books with the highest price target on the e-commerce juggernaut is Susquehanna at $1,850.00 (26% upside).
- Sources: Marketwatch, CNBC
- Shares of Amazon are up 5.83% premarket to $1,471.01.
- Previously: Amazon EPS of $3.75 (Feb. 1)
- Previously: Amazon rallies after strong holiday sales, AWS lift (Feb. 1)
- Now read: Cisco absorbs BroadSoft
Original article