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 | NO DATA AVAILABLE | - | - | - |
| AMZN | AMAZON.COM INC. | 207.89 | +2.15 | +1.05% |
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.
