A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. – Jeff Bezos
In the last trading week of August Amazon’s stock price hit the next 4 digit whole number of $2000. This rise continued to last Tuesday when Amazon became the second company to be valued at the magical $1 Trillion mark.
Amazon’s stock price has skyrocketed from $1000 to $2000 in just the last year. Amazon has been smashing targets and as a byproduct of the company’s success made CEO Jeff Bezos the worlds richest man. Graduating from Princeton University, Jeff Bezos is now worth $168.67 Billion and makes an average $4,474,885 per hour.
Amazon has made a variety of purchases this year and most notably buying out a supermarket chain last year. Amazon is well-known for its small profit margin’s and this years second quarter result was 5.6 percent. This result was the highest profit margin quarter in 13 years.
Where will Amazon stop? This is the question between hype vs overhyped. Morgan Stanley has recently upgraded their price target to $2500 to make a market cap of $1.2 trillion.
Recently research analyst Daniel Martin was interview by CNN. “It’s too high of a bar to assume that they’ll succeed at everything that they do,” says Martin (research analyst). “But at the same time, I think Amazon is the best combination in the world of the scale of large company and that entrepreneurial DNA with the spirit of a startup.
© Lewis Brown 2018