Amazon.com Cloud Drives Analyst Price Target Hike

By | November 12, 2015

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Amazon.com (AMZN) and its rapidly growing cloud computing business continue to impress analysts on Wall Street and eat away competition. Today, Morgan Stanley analyst Brian Nowak hiked the investment bank’s price target 7% to 800 from 750, according to media reports. The analyst said that the company’s cloud business — which in Q3 hauled in $2.09 billion, up 78% from the year-ago quarter — continues to add new offerings, upping its addressable Scalper1 News

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