Amazon Price Target Hiked On Cloud Computing Future

By | June 15, 2015

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Amazon (AMZN) got a price target increase Monday, and an analyst expects the Amazon Web Services cloud computing business to continue to grow and improve its profit margins. “We estimate Amazon Web Services can generate over $15 billion in revenue by 2018 and expand operating margin to around 22% by then,” Canaccord Genuity analyst Michael Graham said Monday in a research report. “Further, we estimate that if Amazon Web Services traded at a Scalper1 News

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