Amazon.com became the second most valuable publicly listed U.S. company surpassing Google parent Alphabet Inc. for the first time. Amazon shares finished up to 2.69 percent at $1,586.51 for a market capitalization of $768 billion.
Alphabet lost 0.39 percent trimming their stock market value to $762 billion. Amazon’s stock surged 81 percent over the past year.
According to Thomson Reuters data, median of analyst price targets for the three companies to put Amazon’s market capitalization at $823 billion, Alphabet’s at $914 billion and Apple’s at $989 billion.
(Photo source: reuters.com / investors.com)