It’s official. Amazon has set a record as the second U.S. company to surpass $1 trillion in market capitalization — Apple hit that milestone a few weeks ago on the heels of a strong quarter. The milestone was brief, with shares falling back down under...
Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC, citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web...
Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue for Amazon. According to a report in CNBC, Piper Jaffray Analyst Michael Olson said that...
Amid the race to reach $1 trillion in market capitalization, analysts are predicting that Amazon will win over Apple. Even so, Apple could potentially pull off an upset. The tech company’s stock rose up to 4 percent following better-than-expected revenue projections for the fourth quarter,...
April 27, 2018
There are good earnings days, there are great earnings days and there are astonishing earnings days. Amazon’s earnings day yesterday floated someplace between great and astonishing – and the market took note. As soon as the news broke, Amazon’s share price jumped 7 percent in afterhours trading and continued to climb from there. Aside from the numbers (we’ll get […]
September 10, 2018
Amazon’s Prime subscription business is expected to more than double in the next 10 years, hitting 275 million subscribers in the U.S. alone, according to estimates by Citigroup. CNBC, citing Citigroup analysts, reported that the Wall Street firm argued in a research report – in which it raised its price target on the stock – […]
September 04, 2018
It’s official. Amazon has set a record as the second U.S. company to surpass $1 trillion in market capitalization — Apple hit that milestone a few weeks ago on the...
August 23, 2018
Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC,...
August 13, 2018
Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue...
