Analysts: Amazon Web Services Will Drive Margins and 3 More Research Notes to Explore
Amazon.com (NASDAQ:AMZN): Lazard Capital has raised its price target on Amazon.com to $340 from $310, citing increased confidence that the company’s Web services segment will drive margin expansion. The firm keeps a Buy rating on the stock.
Leap Wireless (NASDAQ:LEAP): Wells Fargo believes that Leap Wireless might attract bids from T-Mobile US (NYSE:TMUS), also believing that Leap’s assets “fit like a missing puzzle piece” to T-Mobile’s spectrum portfolio and that owning Leap would improve the depth of said current portfolio. The firm keeps an Outperform rating on Leap.
Under Armour (NYSE:UA): Canaccord believes that Under Armour has numerous catalysts to drive shares higher that include new product introductions, the relaunch of bags, accelerated shop-in-shop openings at Dick’s Sporting Goods, DCT square footage growth, and gross margin expansion. It rates the shares at a Buy with a $70 price target, raised from $68.
Facebook (NASDAQ:FB): Oppenheimer has increased its above consensus second-quarter estimates for Facebook following better -than-expected U.S. desktop data from comScore, though it left its above consensus 2013 and 2014 estimates unchanged, believing that investor concerns regarding the cost of storing newly introduced Instagram videos are overblown. The firm keeps a $32 price target and reiterates an Outperform rating on the stock.