Retail
Watch: Amazon to Hit $1 Trillion Market Cap in 2018
Analysts are raising the price target for the web and retail juggernaut, Amazon. With analysts from GBH Insights raising the target from $1,500 to $1,850, Amazon could see a $1 trillion market cap in the next year. The forecast is based on Amazon’s momentum, a “flywheel” effect that is still gaining steam. A combination of…
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Analysts are raising the price target for the web and retail juggernaut, Amazon. With analysts from GBH Insights raising the target from $1,500 to $1,850, Amazon could see a $1 trillion market cap in the next year. The forecast is based on Amazon’s momentum, a “flywheel” effect that is still gaining steam. A combination of retail growth and web-based Amazon services are just some of the factors that could push it over the edge.
