Amazon.com stock was rising Friday after analysts at Scotiabank and Pivotal Research Group initiated coverage of the e-commerce company with Buy ratings, citing growth in the company’s Amazon Web Services business. Scotiabank analyst Nat Schindler initiated coverage of Amazon Thursday with a Sector Outperform rating and $245 price target, which implies a 31% increase from the stock’s closing price of $186.65 on Thursday. A reason for his bullish take is his belief in the growth of AWS. Read More...
Amazon.com stock was rising Friday after analysts at Scotiabank and Pivotal Research Group initiated coverage of the e-commerce company with Buy ratings, citing growth in the company’s Amazon Web Services business. Scotiabank analyst Nat Schindler initiated coverage of Amazon Thursday with a Sector Outperform rating and $245 price target, which implies a 31% increase from the stock’s closing price of $186.65 on Thursday. A reason for his bullish take is his belief in the growth of AWS.
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