Analysts: Amazon stock could hit 00/share with Alexa possibly becoming a ‘fourth pillar’

A pair of Wall Street analysts are high on Amazon, and they project the company’s stock may soon exceed $1,000 per share. Friday morning, Amazon’s stock hovered around $779 per share. Mark Mahaney of RBC Capital Markets and Ken Sena of Evercore ISI both put out notes trumpeting Amazon Thursday, but for different reasons. Mahaney cites the potential of Amazon’s digital brain Alexa as the next big thing for the company, while Sena is most excited about the possibility of big cost savings due to automating the delivery process. Mahaney surmises that Alexa, and the catalog of devices it powers, such as the Echo, could become the coveted fourth pillar that Amazon CEO Jeff Bezos mentioned in a shareholder letter last year. The company’s first three pillars are its retail marketplace,…


Link to Full Article: Analysts: Amazon stock could hit 00/share with Alexa possibly becoming a ‘fourth pillar’

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