Amazon's stock has reached a new all-time high, hitting $193.04, and has officially joined the elite $2 trillion valuation club. This milestone comes as Bank of America upgraded Amazon's price target from $210 to $220, citing expected retail margin expansion and significant efficiency improvements in 2023. Despite these improvements, Bank of America notes that Amazon's logistics metrics still lag behind 2018 levels, suggesting more room for gains. Amazon's stock rally has been driven by optimism around AI, which has re-accelerated its cloud-computing business. The company is now among the few U.S. firms to achieve a $2 trillion market cap, joining the ranks of Alphabet and other tech titans. Amazon's stock is up 27% this year, driven by improving growth trends.
Amazon joins the $2 trillion club https://t.co/XBWkRm7beE
Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. READ MORE: https://t.co/rSzkGxUTgk https://t.co/rSzkGxUTgk
Jeff Bezos showing off Amazon’s $AMZN first office 👀 Amazon is now worth more than $2 Trillion 😲 https://t.co/lTq6ls3tEb
Amazon becomes only the fifth U.S. company to secure $2 trillion market cap https://t.co/QJE2pr4HYm
$AMZN officially closes in the $2 trillion valuation club https://t.co/VAIYXqr5sb https://t.co/4k6fPDY6AV https://t.co/fTR3l5nLMg
$AMZN ALL TIME HIGH print today. https://t.co/Vt7pMqg4MS
$TSLA $AMZN lets go break 200+
#Amazon hits $2 trn in valuation on AI fervour, joins tech titans https://t.co/dhCq1UEp5Y
Amazon $AMZN hits a new all-time high of $193.04 https://t.co/0dKhUPjpWy
#Amazon enters elite $2tn club as AI optimism fuels rally. Amazon up ~27% this year, driven by improving growth trends as AI re-accelerates its cloud-computing business. The milestone puts Amazon into an exclusive club of comps worth $2tn or more: Alphabet crossed the level in… https://t.co/9UD0JUBmDq
$AMZN REACHES $2T VALUATION
$AMZN BREAKS TO A NEW ALL TIME HIGH AT $192 BANK OF AMERICA UPGRADE TO $220 TODAY: Amazon breaking above $190 is important. It’s gotten rejected at that level 3 times this year.. Who’s long $AMZN? https://t.co/sSGZkaxfqs
BREAKING: AMAZON JUST HIT A NEW ALL TIME HIGH $AMZN https://t.co/U1U4flq5kZ
$AMZN Bank of America reiterates Amazon as buy Bank of America raised its price target on the stock to $220 per share from $210. ” Amazon has built a Logistics (AMZL) powerhouse, we project over 9bn packages to be delivered globally this year, and AMZL could now be the largest…
$AMZN going for a new ATH close https://t.co/uC0Mro4RXE
$AMZN break 195+ today? https://t.co/6A4jBCK4aE
$AMZN lets break 189, 190+ https://t.co/ATATEUnpKg
$AMZN | BofA raised Amazon's price target to $220 from $210
$AMZN | BofA raised Amazon's price target to $220 from $210, citing higher retail multiples due to expected retail margin expansion. Analyst Comments: "Despite significant efficiency improvements in 2023, logistics metrics still lag 2018 levels, suggesting more room for gains.…
AMAZON $AMZN price-target raised to $220 at Bank of America, reiterated as large-cap "Top Pick" Despite significant efficiency improvement in 2023, all five logistics utilization metrics that BofA tracks remain below 2018 levels, suggesting more runway ahead for efficiency…