Wall Street may be more enamored with Amazon than Main Street. Amazon’s stock growth — like the retailer itself — seems to know no bounds. Amazon is trading at $1,720, with the company’s market value at $840 billion The stock is up by nearly 50 percent this year.
From cashier-less shopping experiences to advertising, Amazon seems to be on a never-ending expansion. The company is about to choose a location for a second headquarters. The finalists have been narrowed to 20, with one rumored to be in Long Island City, a ferry ride away from Wall Street.
As Amazon redefines and broadens its products and services, Wall Street’s response is expansive. Some analysts predict the company will blow past the $1 trillion level, as it did briefly in September.