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Amazon Stock: Headed to $3,800?

TheMotleyFool

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Marking its biggest one-day gain since December 2018, shares of e-commerce and cloud-computing company Amazon.com (NASDAQ: AMZN) jumped on Monday, rising 7.9% by the time the market closed. The stock's move higher was fueled by a combination of overall optimism for tech stocks as well as several analysts' decisions to boost their 12-month price targets for shares.

Are these analysts onto something? Is Amazon stock really a buy at this level, even after soaring more than 60% over the past 12 months?

Image source: Getty Images.

Source Fool.com

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