Analysts: Amazon’s Cloud Services Have Positive Outlook and 3 More Research Notes to Read
Amazon.com Inc. (NASDAQ:AMZN): Morgan Stanley believes that Amazon’s cloud product, Amazon Web Services, lowers the cost and time of starting a business and that the online retail giant is in the early stages of creating a public cloud ecosystem that will extend into enterprise. The analyst reiterated Amazon’s Overweight rating and raised its price target on the stock to $404 from $380.
BlackBerry Ltd. (NASDAQ:BBRY): Macquarie believes that a breakup of BlackBerry is unlikely; the firm reduced subscriber estimates and downgraded BlackBerry to Underperform from Neutral. The analyst lowered its price target on the shares to $5.50 from $7.
InterOil Corp. (NYSE:IOC) Morgan Stanley resumed coverage on InterOil with an Overweight rating and $105 price target; the analyst believes that InterOil is on the “eve of a transformation” with a Super Major partnership announcement expected by the end of the year that will be accretive to both parties.
SanDisk Corp. (NASDAQ:SNDK): After meeting with SanDisk’s management, Pacific Crest expects that the company will benefit from the growth of solid-state drives; the firm is bullish on the outlook for NAND demand drivers, believing that the company’s earnings per share could surpass $6 in 2014. Pacific Crest reiterates an Outperform rating on SanDisk stock.