Bullish outlook on Amazon Shares hit record high

Amazon stock hit $2,000 per share for the first time just after market open Thursday. Shares rose more than 1 percent in morning trading to above $2,020.

"We have increasing confidence that Amazon's rapidly growing, increasingly large, high margin revenue streams (advertising, AWS, subscriptions) will drive higher profitability and continued upward estimate revisions," analyst Brian Nowak said in a note to clients Wednesday.

With 487,741,189 common shares outstanding as of July 18, according to Amazon’s most-recent 10-Q filing with the Securities and Exchange Commission, Amazon’s market cap reached $987.95 billion at Thursday’s intraday high. Amazon would become the second company to top $1 trillion in market cap if the stock rises to at least $2,050.27. Apple Inc. AAPL, +2.32% became the first-ever $1 trillion U.S. company on Aug. 2.

The average price target is $2,141.50, which implies a market cap of $1.04 trillion. The highest price target of $2,500 implies a market cap of $1.22 trillion.

Founder of amazon shares (16.2%) worth an estimated 161.74 billion (bezos is the world's richest person)

According to CNBC calculations if your initial outlay was 1000 in (2008) it would be worth at least ($20,000) as of may 25th most likely a lot more now.

Wow.