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-0.000295781191620379 -0.00101118921917171 0.000960213921992881 0.00275368442206228 0.00315311349873383 0.00824724863520852 0.00746638176322245 0.00776634960522139
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Amazon's stock rallies toward another record after analyst boosts price target to $2,000 [MarketWatch]

AMAZON.COM (AMZN)  More Company Research Source: MarketWatch
Last amazon.com earnings: 10/25 04:01 pm Check Earnings Report
PDF Amazon's stock rallies toward another record after analyst boosts price target to $2,000 Shares of Amazon.com Inc. AMZN, +0.72% rose 0.6% in premarket trade Thursday, extending gains made to a record close in the previous session, after Canaccord Genuity boosted its price target to $2,000 from $1,800. The new target, which is 14% above Wednesday's closing price of $1,755.00, would give Amazon a market capitalization of $970.5 billion. Analyst Michael Graham said investors appear to increasingly recognize that Amazon's scale and pace of investment are creating long-term barriers to competition. "We think fundamentals remain as strong as ever as e-commerce business continues to grow nearly 30% ex-Whole Foods, and AWS [cloud business] remains the market leader, accelerating growth to almost 50% last quarter," Graham wrote in a note to clients. The stock has run up 50% year to date through Wednesday, while the Nasdaq Composite COMP, +0.48% has climbed 12% and the S&P 500 SPX, +0.36 [Read more]

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