Is Amazon.com Inc. (AMZN) Stock Headed To 00?
Analysts seem to be competing when the question comes to a price target for Amazon.com stock. Teams from RBC capital markets and Evercore ISI recently hiked their Amazon price targets to $1000 levels. Does the company have the ammunition to drive Amazon stock to $1000 levels? Amazon.com Inc. (NSDQ:AMZN) stock price is up nearly 15% in the year to date, closing the last trading session at a price of $789.74 and a market cap of nearly $377B. The stock has more than tripled the gains by the Nasdaq Composite (INDX:COMPX) index, which is up 4.5% in the same time frame. What’s even more impressive is that the 2016 rally comes on the back of a 118% rally in 2015. A $10000 investment at the beginning of 2015 would be worth nearly…
Link to Full Article: Is Amazon.com Inc. (AMZN) Stock Headed To 00?
Sharing
