An “amazing” achievement for an eCommerce giant, details from FOX’s Hilarie Barsky.
Amazon hitting a $1 trillion in market value today after shares crossed the 2,050 level a week after reaching $2,000 per share for the first time in history. The milestone reflects Amazon’s amazing ascent from a profitless bookseller into a disruptive force of retail.
Amazon getting a boost after analysts at Morgan Stanley hiked their price target to $2,500 in 12 months. If that forecast becomes a reality, Amazon will have a $1.2 trillion market cap.
At the beginning of August, Apple became the first U.S. publicly traded company to reach the $1 trillion mark and now has a market cap slightly above $1 trillion.
Hilarie Barsky, FOX News.
