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Amazon’s market value surpassed the $2 trillion mark for the first time on ... The stock closed up nearly 4% at a record $193.61, giving the e-commerce giant the fifth company to join the $2 ...
E-commerce makes up just 16% of total retailing today, compared to less than 1% when Amazon went public in 1997. That's why even a period of below-average returns shouldn't shake investors' long ...
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's stock climbed as much as 6% in volatile after-hours trading shortly after the results. Despite a sharp 3.3% drop during regular trading on Thursday, the stock is still up 23% so far in 2024.
New analyst coverage is bullish on Amazon's AI business.
With shares up by over 240,000% since hitting public markets in 1997, Amazon (NASDAQ: AMZN) is a quintessential example of this trend. Under the leadership of CEO Andy Jassy, who took the helm ...
Investors were also digesting earnings results from mega-cap tech giants Amazon and Apple. Both companies beat analyst estimates, with Amazon stock surging about 6%.
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 ...