Analyst Hikes Amazon.com Price Target, Cites Cloud

By | December 9, 2015

Scalper1 News

Amazon.com (AMZN) and its thriving cloud computing business continue to drive analyst expectations upward and today Nomura securities analyst Robert Drbul raised his stock price target by 19%. Now set for 850, an increase from 700, Drbul thinks that cloud division Amazon Web Services will remain the “major growth driver for the Amazon share price.” Nomura thinks that this year marked a moment when technology firms have opted to adopt public cloud Scalper1 News

Scalper1 News