News24.com | Amazon analysts can’t keep up as shares blow past $3 000 mark

Amazon.com shares topped $3 000 for the first time, extending a rally that has left most Wall Street analysts in the dust.

Shares of the e-commerce giant climbed as much as 4% to $3 004.88 on Monday, bringing gains so far this year to 63%.

The average price target on the stock is $2 810 and fewer than a quarter of the 50 or so analysts tracked by Bloomberg have a target above $3 000.

Amazon

-With assistance from Jeremy R. Cooke.

Article source: https://www.news24.com/fin24/Companies/amazon-analysts-cant-keep-up-as-shares-blow-past-3-000-mark-20200707