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Are Analysts Being Too Brave in the $1,000 Amazon and Alphabet Stock Race?

Friday’s movers in technology have been more than moderately impressive. The earnings report from Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) have sent these shares to new highs. With Alphabet, the one most of us still call Google, trading at $729 or so and with Amazon above $600, we cannot help but at least wonder if analysts are ratcheting their price targets up too much.

The reality is that these are great companies and they are continuing to change the world. Amazon’s market cap just grew by over $17 billion and Alphabet’s grew by $34 billion — for two earnings reports adding a combined $51 billion in market cap overnight. These stocks are definitely in their sweet spot right now at new highs, but what happens if the market volatility comes back into play?

Since 24/7 Wall St. has already covered the Alphabet earnings report and the Amazon earnings report in detail, we...


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