Amazon.com price target raised to $4,155 from $4,100 at JPMorgan » 08:5701/2701/27/21
JPMorgan analyst Doug…
JPMorgan analyst Doug Anmuth raised the firm's price target on Amazon.com to $4,155 from $4,100 and keeps an Overweight rating on the shares ahead of the company's Q4 results on February 2. The analyst remains "bullish" on Amazon, with "strong" e-commerce and public cloud trends continuing to date. He believes Amazon is well positioned as the "clear leader" in both. Anmuth expects the company to beat the high end of its Q4 guidance.
Amazon.com price target raised to $3,600 from $3,500 at Stifel » 07:4101/2701/27/21
Stifel analyst Scott…
Stifel analyst Scott Devitt raised the firm's price target on Amazon.com to $3,600 from $3,500 and keeps a Buy rating on the shares ahead of the company's Q4 earnings report on Tuesday, February 2. His 38% revenue growth and 3.8% operating margin forecasts are both ahead of consensus, noted Devitt, who also pointed out that his estimated AWS revenue growth of 29% is in-line with consensus.
User reports indicate Zoom Video experiencing issues, says DownDetector 11:4301/2601/26/21
User reports indicate AWS experiencing issues, says DownDetector 11:3901/2601/26/21
Arrow Electronics expands relationship with Amazon Web Services » 11:0201/2601/26/21
Arrow Electronics (ARW)…
Arrow Electronics (ARW) announced it has expanded its relationship with Amazon Web Services (AMZN), enabling Arrow to globally resell, manage, service, support and bill AWS accounts on behalf of their end customers. The expanded relationship brings together the resources of Arrow and the services of AWS to help customers design, build, deploy and manage devices, applications and solutions at scale.
Fiverr downgraded to Sell from Neutral at MKM Partners » 07:3201/2601/26/21
MKM Partners analyst…
MKM Partners analyst Rohit Kulkarni downgraded Fiverr (FVRR) to Sell from Neutral with a higher price target of $185, up from $145. The stock is trading at 36-times expected FY21 revenue, which is above historical peak of any other Internet marketplace in recent times" and even exceeds that of the pandemic winners such as Zoom (ZM), the analyst tells investors in a research note. Kulkarni adds that Fiverr fundamentals are "significantly stronger" given the accelerated secular shift to online freelancing due to the pandemic, but its valuation levels are "feverish".
Amazon to expand Boston Tech Hub, create over 3,000 jobs » 05:2201/2601/26/21
Amazon announced plans to…
Amazon announced plans to expand its Boston Tech Hub and create more than 3,000 new corporate and technology jobs over the next several years. The new roles will support teams across the company, including Alexa, Amazon Web Services, or AWS,, Amazon Robotics and Amazon Pharmacy. Over the last decade, Amazon has invested more than $6.2B in Massachusetts and created more than 20,000 jobs across customer fulfillment, retail, corporate and technology functions. The 3,000 jobs that Amazon plans to create in its Boston Tech Hub will include technology roles in software development, Artificial Intelligence and machine learning, along with non-tech corporate roles in product management, HR, finance and more. Amazon already employs more than 3,700 people in its Boston Tech Hub. To accommodate its growing teams in Boston, Amazon leased a new 17-story office tower located at One Boston Wharf Road in the 33-acre Boston Seaport project. Owned and developed by Boston-based development company WS Development, the 630,000 square foot location will include working space, innovation labs, and mixed-use common areas for Amazon employees. Set for completion in 2024, One Boston Wharf Road will also feature a community dog park, ground-floor retail space and a new performing arts center for Bostonians to enjoy with two live performance venues consisting of a 500-seat theater and a 100-seat black box theater, which together will add capacity for the performing arts in Boston.
Amazon bans Oath Keepers, Three Percenters from AmazonSmile, Verge reports » 14:2101/2501/25/21
Following pressure from…
Following pressure from activist group Sleeping Giants, Amazon is prohibiting groups tied to the Oath Keeprs and the Three Percenters militias from its AmazonSmile charity program after members of both groups were arrested for their suspected involvement in the attack at the U.S. Capitol, The Verge's Jay Peters reports. The ecommerce giant has banned a total five groups from its AmazonSmile program in response to pressure from activists, the author says. Reference Link
Amazon asks court to block Future's retail asset sale, Reuters reports » 13:1301/2501/25/21
Amazon has asked an…
Amazon has asked an Indian court to bar Future Group's $3.4B deal to sell its retail assets and called for the Indian company's CEO to be detained, Reuters' Aditya Kalra reports, citing a court filing. In Amazon's latest attempt to detail the asset sale to Reliance Industries, the ecommerce giant asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator, the author says. In 2020, the arbitrator issued an interim determination saying Future's agreement with Reliance should be put on hold, the author notes. Reference Link
Morgan Stanley says market closer to recognizing Alphabet sum-of-the-parts value » 08:4401/2501/25/21
GOOGL, GOOG, FB, AMZN, AAPL, MSFT, TSLA
Morgan Stanley analyst…
Morgan Stanley analyst Brian Nowak argues that Alphabet (GOOGL) and Facebook (FB) are the only two "mega-cap" tech companies not trading on some version of a sum-of-the-the parts valuation methodology with Amazon (AMZN), Microsoft (MSFT), Apple (AAPL) and Tesla (TSLA) "all having moved in this direction." However, he also believes the market is getting closer to the "appreciating and realizing" this value at Alphabet and thinks that continued YouTube revenue disclosure and upcoming full Google Cloud segment disclosure should help investors better understand and value Alphabet's underlying drivers. The analyst, who said his updated sum-of-the-parts analysis "speaks to how disclosure could drive Alphabet towards" being valued at $2,800 per share, keeps an Overweight rating and $2,050 price target on the stock.