1 Wall Street Analyst Thinks Amazon Stock Is Going to $270. Is It a Buy?

Amazon (NASDAQ: AMZN) just impressed Wall Street with another strong earnings report.The e-commerce and cloud computing giant delivered solid growth and expanding margins in its third-quarter earnings report. Revenue in the quarter rose 11% to $158.9 million, showing the company continues to gain market share in e-commerce. Revenue growth in Amazon Web Services, its cloud computing business, continued to reaccelerate following a lull earlier amid cautiousness about the economy.The stock rose 6% on Friday on the news, and Wall Street greeted it with a raft of price target hikes, showing analysts expect the stock to continue to march higher over the next year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool