The last time Amazon's stock gained for six consecutive months was the period that ended in July 2011.
Amazon.com Inc.’s shares are on track to notch their sixth month in a row of gains, which would make for their longest monthly winning streak in over 12 years.
Amazon shares are enjoying a nice pop to end the month, up 2.6% in Thursday morning action. They’re currently up 3.6% so far for the month. The Bernstein team added that as concerns about AWS fade, “investors are increasingly paying attention to the retail business, which not only delivered healthy revenue growth, but also delivered impressive domestic operating margins.”
Amazon has gotten its share of love from Wall Street analysts this month, with Wedbush’s Scott Devitt naming the stock a “best idea” and Loop Research’s Rob Sanderson mapping out a path to a $200 price target. Shares were trading Thursday north of $138.
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