Amazon in last 30 days

What happened?


Exciting week as September opens in a storm while several stocks are enjoying a(still..) a positive momentum and
keep the stocks market afloat… the most obvious one(that reached yesterday the amazing value of 1T$..) – and will be the main topic of this review – Amazon.

In the previous reviews following the amazing movements on Amazon’s stock price, our last discussed checkpoint was when the stock was at $1,932 per share.
We began our initial coverage on Amazon at the stock price of  $1,750 per share.

Last night, as the markets opened lower following Labor Day due to renewed fears of a Trade War and collapsing Emerging markets around the world (Argentina, South Africa, Turkey, etc).


Where will it go?

Amazon, however, seems to have once again displaced itself from the global mess and was one of the top movers closing up 1.33%.
Briefly touching the coveted $1 Trillion mark, Amazon has rallied to yet another all-time High closing at $2,040 a share.


To recap, the overall movement on Amazon was $1,750 —> $2,040


Price projections for Amazon still show signs of another 25-30% upside until the end of the year:

Aug-29-18 Reiterated Morgan Stanley Overweight $1850 → $2500
Aug-22-18 Reiterated MKM Partners Buy $1840 → $2215
Jul-27-18 Reiterated Wedbush Outperform $1800 → $2100
Jul-27-18 Reiterated Telsey Advisory Group Outperform $2100 → $2200
Jul-27-18 Reiterated Monness Crespi & Hardt Buy $2200 → $2300
Jul-27-18 Reiterated Canaccord Genuity Buy $2000 → $2100
Jul-27-18 Reiterated Aegis Capital Buy $1999 → $2063
Jul-20-18 Reiterated Telsey Advisory Group Outperform $1900 → $2100
Jul-18-18 Reiterated Piper Jaffray Overweight $1850 → $2075


It seems like the price prediction for Amazon is still positive at the moment, stay tuned to news and make your smart decisions.

Comment below and share your opinion.


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