What Is Going on With Amazon Stock on Monday?
Amazon (NASDAQ: AMZN) stock advanced over 2% on Monday as major Wall Street analysts aggressively raised their long-term growth forecasts, highlighting a massive $485 billion AWS backlog.
Big Wall Street experts think Amazon will grow a lot more in the future, so people got more interested in buying its stock on Monday. When smart investors become more hopeful about a company, it can show that the company's business is strong—keep an eye on whether that confidence keeps growing.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.