Amazon Breaks $1,600

In December 1998, Henry Blodget famously gave ($AMZN) a price target of $400. At the time, the stock was at $242. That day, the stock rose $46, and it went on to break $400 three weeks later.

Since then, AMZN has had two stock splits which add up to 6-to-1. The stock is over $266.66 today which in terms of the day Blodget made his call, is $1,600 per share. Here’s how Amazon has done since its IPO.


Would you have had the nerve to hold on? I know I wouldn’t have. Shortly after 9/11, the stock got as low as $6 per share.

Posted by on January 7th, 2013 at 1:05 pm

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