Amazon: UBS maintains 'buy' - bullish on AWS.
(CercleFinance.com) - UBS maintains its "buy" rating and 1,250 dollar target price on Amazon, as the broker considers the e-commerce giant's cloud unit AWS.
While the broker still believes that cloud computing is not a "winner-take-all market," AWS has become a clear leader in the core public cloud arena, UBS points out in a report released this Friday.
Specifically, the analyst believes Amazon has 33% share of the IaaS/PaaS (infrastructure as a service/platform as a service) market today, and could expand this to 34% or 35% by 2021.
For 2018, UBS forecasts revenue of 22.8 billion dollars for AWS alone.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While the broker still believes that cloud computing is not a "winner-take-all market," AWS has become a clear leader in the core public cloud arena, UBS points out in a report released this Friday.
Specifically, the analyst believes Amazon has 33% share of the IaaS/PaaS (infrastructure as a service/platform as a service) market today, and could expand this to 34% or 35% by 2021.
For 2018, UBS forecasts revenue of 22.8 billion dollars for AWS alone.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.