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We're jacking up our price target on Amazon after its cloud unit shocks the haters
With this quarter, the company went a long way in shutting up the naysayers.
With this quarter, the company went a long way in shutting up the naysayers.
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The stock's April rally set a high bar heading into Wednesday's print. But the company's results resoundingly cleared it.

Cloud growth has been a widely watched metric for the company as rivals such as Google and Microsoft ramp up the pressure.

The market will nitpick a couple of areas in the quarter over the next few days, but the thesis on Amazon is unchanged.

The bank maintained its buy rating on the e-commerce giant and lifted its 12-month price target.

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