Analysts Pick Amazon to Win Race to $1 Trillion Valuation
Photographer: Michael Nagle/Bloomberg
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Analysts have placed their bets and sided with Amazon.com Inc. in the race against Apple Inc. to top $1 trillion in market capitalization, according to an analysis by Bloomberg. Using the current shares outstanding and the consensus price targets for each of the tech giants shows Amazon crossing the finish line before Apple. Still, the iPhone maker is poised for an upset after shares jumped as much as 4 percent in extended trading following the release of its fiscal fourth-quarter revenue projections that beat Wall Street expectations.