China’s NetEase (NTES) has a strong games pipeline, said an analyst in a bullish report that didn’t help the stock amid China’s economic woes. Those games continue to include Chinese rights to U.S.-based Activision Blizzard’s (ATVI) popular “World of Warcraft” and “StarCraft II.” Even so, the China-based video game firm’s stock price took a hit on Tuesday as a wide swath of U.S.-listed China stocks collapsed amid that nation’s economic woes.
ARM Holdings (ARMH), which earns licensing fees and royalties from companies such as Apple (AAPL) and Samsung Electronics, got upgraded Tuesday by an analyst who expects the chip designer’s royalty revenue to peak in the second half of 2015. Morgan Stanley analyst Francois Meunier, in a research report, upgraded his rating on ARM Holdings to overweight from equal weight, saying “even though growth is more like 15% for royalties and 10% for the
Amazon Web Services’ customers are spending the most on cloud computing services as AWS gains market share vs. Google (GOOGL) and other rivals, says Cowen & Co., which upped its price target on Amazon.com (AMZN) stock. Cowen analyst John Blackledge hiked his Amazon price target to 435 from 370. In a Cowen survey of 200 companies, AWS customers had the highest planned spending growth among public cloud service providers, which include Microsoft