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The stock closed up nearly 4% at a record $193.61, giving the e-commerce giant the fifth company to join the $2 trillion club, following tech behemoths Microsoft, Apple, Nvidia and Alphabet.
The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
Amazon (NASDAQ: AMZN) stock is gaining ground in Tuesday's trading. The company's share price was up 2.7% as of 3 p.m. ET. Meanwhile, the S&P 500 index was up 0.4%, and the Nasdaq Composite index ...
The bookseller turned everything store is growing in all the right places.
Today, Amazon stock trades at a price-to-sales ratio of 3.5 and a price-to-earnings ratio of 44. It has $620 billion in trailing-12-month sales, and $50 billion in trailing-12-month net income.
A pair of behemoths in the retail space, both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been strong winners in 2024. However, it's Walmart's stock that has been the bigger winner this ...
On the other hand, the e-commerce and cloud-computing giant has actually been lagging behind the broader market in 2024. While Amazon stock has risen roughly 17.5% across this year's trading, the ...
This growth has helped Amazon carve out a 13.9% share of the U.S. digital ad market, and that should expand to 17.3% of the market in 2026, according to eMarketer.