has already gained $561 billion in market value year-to-date, and if Goldman Sachs and Jefferies are right, expect that number to continue to grow.
According to Goldman, Amazon is poised to benefit from "accelerating ecommerce growth" amid the COVID-19 pandemic. Data from Mastercard shows ecommerce has grown 93% year-over-year in May, and weekly data from Facteus shows consumer spending on Amazon's platform has been up more than 60% year-over-year since the end of April.
Goldman added that its updated revenue growth estimates "may prove too low," suggesting that there can be even more upside from Goldman's Monday price target boost.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Tax that monster.
Next: Goldman sell its entire AMZN position $4000
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech stock prices not a bubble and can climb higher, strategist says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What if the Big One hit Silicon Valley and maybe Seattle area? Will it be San Andreas's Fault?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Oil price: Joe Biden presidency would lead to increased Iran output - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Doubt US consumers will be upset about lower oil costs. god forbid a country sells it's own oil. lmao So, when a lot of folks are unemployed, we get even cheaper gas? I'm on it.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman Sachs executives in Malaysia to discuss 1MDB: finance ministerSenior executives of Goldman Sachs Group Inc have flown in to Malaysia for talks with the government on the recovery of 1MDB assets, Malaysia's finance minister said on Monday. What business do they have being there? Didn't know Man United were involved 🥱
Source: Reuters - 🏆 2. / 97 Read more »
Facebook CEO Mark Zuckerberg says he speaks with President Trump 'from time to time' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. of course he does -- takes his orders the owner of Global Data MZ is another trump stooge
Source: BusinessInsider - 🏆 729. / 51 Read more »