Amazon's stock, much like the digital giant itself, is an unstoppable beast.
Shares of Amazon briefly eclipsed the $1,000 a share mark on Tuesday, giving the company a market cap of more than $477 billion. Amazon's stock has surged 33% year to date, torching the Nasdaq Composite's 15% gain. In large part, the bullishness on Amazon is being fueled by its disruption of industries from bricks-and-mortar retail to cloud computing. As it stands, that disruption could likely keep Amazon's stock red-hot for as far as the eyes could see.
"Amazon is likely to be one of the first trillion-dollar market cap companies; it's just a question of when, not if, in our view," Barclays analyst Ross Sandler wrote recently. "The retail business has a considerable moat, and the Prime flywheel and logistics and automation are just getting going," said Sandler, who also struck a bullish tone on the prospects for Amazon's cloud computing business. Sandler has a $1,120 price target on Amazon.
Submitted May 30, 2017 at 10:14AM by gambit270 http://ift.tt/2qxw8gD
