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.
Image source: Amazon.
Source Fool.com
