Why Is Everyone Talking About Amazon Stock?

Leo Sun, The Motley Fool
·4 min read
Why Is Everyone Talking About Amazon Stock?
Why Is Everyone Talking About Amazon Stock?

Amazon's (NASDAQ: AMZN) stock rallied over 70% this year, making it the hottest stock in the FAANG cohort, which also includes Facebook, Apple, Netflix, and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Wall Street also remains overwhelmingly bullish on Amazon, with an average price target of more than $3,700 per share -- which is nearly 20% above its current price. Let's see why analysts still love Amazon, even after its valuation hit $1.6 trillion, and why its stock could still have room to run.