Amazon shares blow past $2K as market cap nears $1T

Amazon closes in on $1 trillion

Amazon closes in on $1 trillion

If the stock reaches $2,050.27 per share, Amazon would become the second US -listed company to be worth $1,000,000,000,000.

Amazon hit a new high mark this morning as its stock crossed the $2,000 threshold, and analysts are predicting even bigger things for the Seattle tech giant.

Amazon's stock price has doubled over the past 12 months, trailing only Netflix Inc. and Align Technology Inc., the maker of Invisalign orthodontics equipment, in terms of percentage gains for a Nasdaq 100 index member.

With 487,741,189 shares outstanding as of July 18, a stock price of $2,050.27 would give Amazon a market cap of $1 trillion.

Novak Djokovic takes charge against Richard Gasquet in Round 3
The 31-year-old Sharapova won their only previous career meeting, a tight three setter on the clay at the Rome Masters earlier this year.

The company has been strengthening its position as the leading e-commerce platform, while expanding its brick-and-mortar presence by acquiring Whole Foods Market. He predicts the company's high-profit margin businesses such as Amazon Web Services cloud computing, subscriptions and advertising will generate almost 45 billion dollars in profit by 2020 from an estimated 25 billion dollars this year. Melich raised his target to $2,100, which is about 5% above current levels, from $2,000, as he highlighted the potential of Amazon's AWS cloud business to gain market share and expand profitability in the face of growing competition.

Apple's market cap at the end of regular trading on Thursday was $1.09 trillion, having continued its own rally after breaking above the $1 trillion market cap on August 2.

At that new price target, Amazon would be valued at around $1.2 trillion.

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