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Missed Amazon’s March Madness? Wall Street Just Signaled a Bull Run [Video]

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  • Bernstein just raised its rating on Amazon from ‘market perform’ to ‘outperform.’
  • Every major analyst is now bullish on the e-commerce giant.
  • Amazon is benefiting from the shift to e-commerce.

After plunging to a low of $1,626.03 on March 16, Amazon stock has had a fantastic rally. Shares soared by 118% to hit $3,552.25 on September 2. The e-commerce giant started to dive the following day amid a larger mega-cap tech selloff that dragged down the entire stock market. Shares are down 13% for the month.

Amazon Stock Will Have Another Bull Run

If you missed Amazon’s March madness, you have another chance to make big money with the e-commerce stock, analysts say.

Amazon jumped more than 2% Tuesday after Bernstein upgraded its rating to ‘outperform’ from ‘market perform.‘ According to Tipranks.com, all 36 major analysts now have a buy rating on the company.

Amazon, AMZN stock
Amazon rose by more than 2% on Tuesday after Bernstein upgraded the stock. | Chart: Yahoo Finance

Bernstein says Amazon’s pullback is an attractive …

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Categories
Ecommerce

Shopify soars as pandemic pushes more businesses to e-commerce [Video]

The Ottawa headquarters of Canadian e-commerce company Shopify is pictured on Wednesday, May 29, 2019. The Canadian Press The rush of small businesses into e-commerce during the pandemic helped Shopify Inc.‘s revenue double last quarter as its shares continued to soar upward, weeks after becoming Canada’s most valuable company. Revenue for the quarter ending June […]