Barclays analyst Ross Sandler says the print should put AWS fears to rest with “only 100bps of deceleration and more dollar-adds Y/Y” than Microsoft Azure and Google Cloud combined.
Sandler recommends continuing to add to positions, saying shares are “near an all-time trough and many investors are underexposed” and seeing more “room to run.”
RBC Capital’s Mark Mahaney raises his Amazon target from $2,500 to $2,700 and now sees a bull case at $3,200.
The analyst says Amazon has been one of the most dislocated of the high-quality, large-cap stocks, and expects this to quickly change after the earnings report.
More action: Morgan Stanley (Overweight) raises AMZN by $200 to $2,400; Bernstein (Market Perform) steps from $2,050 to $2,150; UBS (Buy) lifts the stock from $2,305 to $2,440.
Citrix announces $1B accelerated share repurchase
Citrix Systems (NASDAQ:CTXS) enters into accelerated share repurchase transactions with each of Goldman Sachs and Wells Fargo.
The transactions will include up to $1B of Citrix common stock.
After the ASR, Citrix will have about $750M of its share repurchase authorization available.
Citrix shares are up 0.4% pre-market to $123.
Uber rival launching in London on Feb. 10
Uber (NYSE:UBER) competitor Ola will launch operations in London on February 10 with 20,000 drivers.
Uber recently lost its London license for the second time due in part to safety concerns, though the ride-hail company can remain in operation during the appeals process.
Ola says its platform comes with several security features, including a 24/7 helpline for drivers and an in-app emergency button for passengers.
