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Amazon Hits $2 Trillion Market Cap for First Time, Stock Rises 3.2% to $193

Jun 26, 2024, 04:32 PM

Amazon's market value has reached $2 trillion for the first time in the company's history on June 26, 2024. The stock rose 3.2% to $192.23, with a high of $193, marking a new all-time high. This milestone was achieved on an intraday basis, reflecting strong investor confidence. The 12-month average analyst price target for Amazon is $220.15. Additionally, Amazon's Prime Days, scheduled for July 16-17, are anticipated to break last year's record by about 25%.