'The global leader in cloud computing:' Here's what Wall Street is saying about Amazon's impressive quarter

Reuters/Lindsey Wasson

Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon's Seattle headquarters in Seattle, Washington, U.S., January 29, 2018.

Amazon's fourth-quarter earnings report topped analyst expectations as its web services business continued to explode. Shares soared 6% on the news, and are trading north of $1,450 Friday.

The ecommerce behemoth posted earnings of $3.75 share, beating the expected $1.83 by a wide margin. Revenue of $60.5 billion topped the $59.85 billion that Wall Street was anticipating. Amazon Web Services posted sales of $5.1 billion, up 44.6% year-over-year.

Amazon's impressive report has Wall Street analysts excited. They see AWS as a key driver of the company's future growth while there seems to be minimal concern about the tech giant's advertising and ecommerce businesses.

Here's what the analysts on Wall Street are saying: