Amazon.com, Inc (NASDAQ: AMZN) and its cloud subsidiary Amazon Web Services.
“This is another deal that speaks to MSFT s broad tentacles of products across the Azure cloud ecosystem and AR front that enables Nadella & Co. to flex its muscles within the Beltway,” wrote Ives.
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Ives maintained his Outperform rating on Microsoft and has a price target of $231.85.
Why It Matters: In excess of 120,000 of the headsets, based on Microsoft’s Holo Lens headset, would be delivered over a decade to the army, the Wall Street Journal reported Wednesday.
Microsoft reportedly said that the latest headsets will keep soldiers safer and make them more effective by enhancing situational awareness and providing them training opportunities.
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Amazon.com, Inc (NASDAQ: AMZN) cloud subsidiary Amazon Web Services, according to Wedbush Securities.
The Microsoft Analyst: Wedbush analyst Daniel Ives maintained his Outperform rating and $300 price target on the Satya Nadella-led tech giant.
The Microsoft Thesis: Ives said, based on Wedbush’s “recent field checks” for the March quarter, the investment firm strongly believes that the “tide is shifting in the cloud arms race” in favor of Microsoft taking into account recent 50% Azure growth number compared to the 28% YoY growth that AWS registered in the past quarter.
Wedbush estimates Microsoft is still only penetrating approximately 35% of its unparalleled installed base on cloud transition.