Tag Archives: amzn

Analyst Hikes Amazon.com Price Target, Cites Cloud

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

Netflix, Amazon Prime Accelerating Cord Cutting Trend

The fate of traditional media is being tested like never before, with subscribers to pay-TV services canceling or reducing their subscriptions at an increasing rate. Many TV viewers are opting instead for on-demand streaming from services like Netflix (NFLX) and Amazon (AMZN) Prime, says a report from PricewaterhouseCoopers. Based on an online survey of 1,200 U.S. consumers, PwC said that 16% had unsubscribed to cable, satellite and other pay-TV

Facebook Leads Tech Giants Holding Up Amid Sell-Off

As the market continues to sell off, many stocks are getting hit hard. But three tech giants are holding up: Facebook (FB), Amazon (AMZN) and Alphabet (GOOGL). All three have notched significant gains this year, staging breakouts in late October. And amid the market turmoil, they’re still trading near recent highs. Facebook has been trading in a tight range over the past several weeks, which could render a new buy point. Up 36% in 2015, Facebook