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From: singhtelecom (Rep: 959)Date: 05/04/2018 07:21
Forum: Amazon - Msg #5132Thread #674007188 (Rec: 0)
initiated with a Buy at Cascend Securities; tgt $1800 -- measurements of AWS demand by developers suggests continued strong growth; AWS is THE driver of AMZN profits (1572.08)
Cascend Securities initiates AMZN with a Buy and price target of $1800 based SOLELY on their view of AWS. Developer demand for AWS products has run roughly 2x that of Azure and Google. They see AWS keeping its lead; Azure is ramping strongly as well; Google and others are falling behind.

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