SEATTLE — Amazon stock just keeps on climbing. The Seattle company saw shares rise above $3,000 for the first time ever Monday morning.
The COVID-19 crisis has hurt companies across various industries, but Amazon has become a lifeline for millions of customers who are relying on its online store, cloud computing services, digital media offerings, and more amid the pandemic. Shares are up nearly 60% this year.
The stock price increase is beating many Wall Street expectations — the average price target among analysts is $2,810, according to Bloomberg.
