Amazon, Apple still vying to be world’s most valuable company

Apple and Amazon were seen as contenders in the race to the first publicly traded U.S. company worth $1 trillion company, and while Apple won the race to that milestone, it is possible that it won't maintain its market capitalization dominance over Amazon.

Ticker Security Last Change Change %
APPL n.a. n.a. n.a. n.a.
AMZN AMAZON.COM, INC. 3,442.01 -2.14 -0.06%

Analysts at Morgan Stanley on Wednesday dramatically hiked their price target on Amazon expecting shares will be valued at $2,500 in 12 months. If Morgan Stanley’s price forecast becomes reality, assuming that shares outstanding remain constant, then Amazon will have a $1.2 trillion market cap.

Apple’s current market cap is around $1.05 trillion.

Not all analysts are quite as bullish on Amazon as Morgan Stanley. The Thomson Reuters compiled consensus 12-month price target on Amazon is $2,091.29, slightly higher than where shares were trading on Wednesday.

The Thomson Reuters compiled 12-month price target on Apple is for $214.69, which implies shares will pull back a little bit from their current price point.

Assuming those average price targets and an unchanged number of shares outstanding, then in 12 months Amazon will have a market cap of $1.014 trillion and Apple will be worth $1.055 trillion.