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

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

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

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.

Sri Lankan man charged with terror document in Sydney
After the notebook was found, police executed a search warrant at his home on Defries Avenue, Zetland, about 2am on Friday. A number of other electronic items were also seized during a raid at a unit at Zetland early Friday morning.

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.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.