Amazon's Stock Could Rise 20% To $535 As Shopping 'Revolution' Snowballs

April 26, 2015 6:14 PM

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Amazon's Stock Could Rise 20% To $535 As Shopping 'Revolution' Snowballs

Although Amazon reported a $57 million (m) net loss for its first quarter ended 31 March 2015, Amazon Web Services (AWS), one of three Amazon.com Amazon.com Inc’s business segments that provides data storage and cloud services to big IT companies and start-ups, is still a $5 billion (bn) business and growing fast. But can the stock price see more positive action?

The love affair with the stock seems unabated and on Friday the price shot up 14% to $445.10 on Nasdaq in New York. In advance of the reported earnings more than a few analysts were thinking that the company’s substantial investment in AWS and price reductions would translate into only a marginally ...

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