Will Amazon Reach $1,000 a Share Before Alphabet? Maybe: Chartby
Sanford C. Bernstein & Co.’s Carlos Kirjner raised his estimate for Amazon.com Inc.’s stock price by 30 percent on Tuesday, becoming the only analyst who sees the online retailer reaching $1,000 a share before Alphabet Inc. does. Three other analysts -- Axiom Capital Management Inc.’s Victor Anthony, Mizuho Securities USA Inc.’s Neil Doshi and RBC Capital Markets LLC’s Mark Mahaney -- have the opposite view, data compiled by Bloomberg show. They expect Class A shares of Alphabet, owner of the Google search service, to climb to $1,000 or more in the next 12 months. Their highest estimate for Amazon is $811.