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Why Amazon Stock Jumped Today

TheMotleyFool

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Shares of Amazon.com (NASDAQ: AMZN) popped 4% on Thursday, following bullish analyst commentary.

JPMorgan analyst Doug Anmuth reiterated his buy rating on Amazon's stock. He now sees the e-commerce titan's share price surging by roughly 30%.

With the S&P 500 broad market index outperforming Amazon by roughly 40 percentage points over the past three years, Anmuth believes investor sentiment surrounding the retail and cloud computing giant's shares is at a multiyear low.

Source Fool.com

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