Lates News

On Monday morning, Amazon (AMZN.O) stock hit an all-time high, and its market value first surpassed $3 trillion. In just the past week, the stock has risen by about 17%. According to institutional data, the fair value analysis suggests that Amazon's current stock price is still slightly undervalued. The stock's historic high reflects investor confidence in Amazon's sustained growth potential and market dominance. The company continues to expand its business footprint across multiple sectors, including e-commerce, cloud computing, and digital streaming. Recently, Amazon Web Services (AWS) achieved significant progress, with AWS revenue growing by 37% in this quarter. After excluding one-time factors, the company's revenue and operating profit exceeded market expectations by 2% and 11%, respectively. The market responded positively to these results, with several institutions including Benchmark, UBS, and TD Cowen raising their target prices.