Amazon.com Inc (AMZN)

[TechWhiz]

Can you say $1 Trillion Valuation....

Could we see this by March 2019???

Shares of Amazon climbed on Thursday and hit all-time high as the e-commerce giant inches towards a $1 trillion valuation.

The stock now just needs another 7% gain in order to hit a market cap of $1 trillion. Based on the current number of outstanding shares — 487.74 million — a stock price of $2,050.27 would get it over the hump.

Amazon’s final ticks to $1 trillion could take a while, though. Wall Street analysts currently have an average price target of $2,114 per share, according to Bloomberg. However, multiple major sell-side shops, including JPMorgan and Goldman Sachs, have price targets above $2100.

“We believe Amazon has the potential to be a $1 trillion dollar company over time, as it remains early in the e-commerce and cloud secular shifts," Doug Anmuth, an analyst at JPMorgan, wrote in a client note earlier this year. "And in our view, Amazon is investing in more major growth opportunities than any other company we cover."

Amazon has risen 60% since the beginning of 2018.