King's Promotions e-commerce, which is now also a giant cloud computing for the first time on Tuesday rose above $ 900. This is a new record.
Amazon stock value shows growth for seven consecutive days. During this period, the stock went up by 7% since the beginning of the year - more than 20%.
As a result, Amazon's market value exceeded $ 430 billion, which is almost twice the market value of rival companies -. Walmart - a market capitalization of only $ 220 billion.
Only Apple, Google owner - Alphabet and Microsoft are worth more than the Amazon. The company led by Dzheffa Bezosa is now worth more than Facebook and Berkshire Hathaway Warren Buffett.
With the cost of $ 900, the company is on the verge of another significant event: the only company in the index S & P 500 with the quotation of the shares of the four digits is Priceline to, which is currently trading at about $ 1770 per share.
The latest wave of demand for Amazon shares followed reports last week that the company buys the largest in the Middle East online retailer Souq.com.
Some experts in the field of technology and advertising begin to think that Amazon can even challenge Google and Facebook, with respect to online advertising. Investors are also delighted with the success of Echo compact speaker system with the functionality of a "smart" voice assistant.
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Amazon will continue if stocks rise?
Now the company's shares are extremely expensive: traded more than 125 times higher compared to the expected profit this year and almost 75 times higher than forecasted profits in the next year.
But, surprisingly, the majority of Wall Street analysts still believe that Amazon should buy shares. According to FactSet, two dozen analysts say the target share price above the current. About seven predict a rise above $ 1,000.
On Monday, Daniel Salmon from BMO Capital Markets raised its price target to $ 1,200. This is almost 40% above the current price. If we can reach this level, Amazon's market value will reach about $ 600 billion. Not bad for a company that started its journey from the sale of books and CDs on the Internet, is not it?
Based on materials WELTRADE
