Amazon Analysts Can’t Keep Up as Shares Blow Past $3,000 Mark

(Bloomberg) — Amazon.com Inc. shares topped $3,000 for the first time, extending a rally that has left most Wall Street analysts in the dust.

Shares of the e-commerce giant climbed as much as 4% to $3,004.88 on Monday, bringing gains so far this year to 63%. The average price target on the stock is $2,810 and fewer than a quarter of the 50 or so analysts tracked by Bloomberg have a target above $3,000.

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