Amazon just passed a $1 trillion market cap, and analysts are still telling investors to buy, buy, buy. Of the 47 analysts with ratings on Amazon, 45 (or 96 percent) say analysts should keep accumulating the shares, according to FactSet. That’s the highest ratio of buy recommendations among the 10 most valuable U.S. tech companies.
Apple, which last month became the first U.S. company to eclipse the $1 trillion barrier, has a buy rating from just 62 percent of analysts. The level of Amazon bullishness is yet another sign that Wall Street is willing to pay up more for growth than profit, particularly when it comes to a company with so many engines for expansion.