Amazon, WD-40, JPMorgan and Zillow rise premarket

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Evercore ISI Comments on Amazon.com (AMZN) Prime Day: 'Intrinsically Impressive 25% Unit Growth'

July 13, 2023 3:40 PM EDT

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Our View: We estimate that Amazon generated approx. $11.9B in GMV and $6.2B in Revenue over its two-day Prime Day shopping holiday, accounting for 4-5% of our Q3 AMZN Revenue estimate. We view these results as modestly better than we would have assumed (vs. the past two years of mgmt. disclosures of 400bps contribution to Revenue). Reit Outperform & $150 PT. AMZN remains one of our top Large Cap Net... More

Keybanc Positive on Microsoft (MSFT) (yesterday)

July 12, 2023 11:15 AM EDT

Microsoft (NASDAQ: MSFT)

The analyst comments "Today Microsoft announced the release of Entra Internet Access and Entra Private Access, effectively expanding into network security with SSE (Secure Service Edge), setting Microsoft up to more directly compete with PANW, ZS, NET, and... More

OTR Global Comments on Meta Platforms (META)

July 11, 2023 9:29 AM EDT

OTR Global Comments on Meta Platforms (NASDAQ: META)

Said to have commented positive on ad spending growth in Q2 2023... More

Microsoft (MSFT) 'uniquely well aligned to several key emerging themes' - Morgan Stanley

July 11, 2023 9:27 AM EDT

Morgan Stanley's Keith Weiss maintained Overweight-rated Microsoft (NASDAQ: MSFT) as a top pick at the firm in a note Tuesday following the firm's CIO survey.

Weiss, who maintained a $415 price target on the stock, told investors that Microsoft "appears uniquely well... More