Home Breaking Amazon shares hit $2,000 for the first time

Amazon shares hit $2,000 for the first time

by Purvai Dua
30th Aug 18 2:54 pm

In a development which could propel the tech giant towards the $1 trillion market cap, shares in Amazon have crossed the $2,000 per share mark for the first time today.

Amazon shares climbed as much as 0.6 per cent to $2,009.64 today, lifting its market value to $975.8bn. Reports also suggest that Amazon shares have risen 600 per cent over the past five years.

The development comes just hours after analysts from Morgan Stanley said they expected Amazon shares to be valued at $2,500 in 12 months amid “rapidly growing, increasingly large, high margin revenue streams (advertising, AWS, subscriptions) will drive higher profitability and continued upward estimate revisions”.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]