The firm has a $43.price target on the stock. Nomura's analysts noted that the move was a valuation call.
The stock is up 3.64% to $31.62 in pre-market trade.
The entertainment giant may be considering a deal for the troubled, social media company.
BlackBerry sharply rose after announcing it was getting out of the business of developing and manufacturing smartphones. Amazon trended higher after a favorable research note from Nomura.
The struggling social media network isn't likely to get as sweet a deal as LinkedIn did from Microsoft, according to one analyst.