STRONG BUY: Here's what 12 Amazon analysts are saying about the surprise profit and exploding stock price
REUTERS/Shannon Stapleton
At around $620, the stock is up a whopping 9.9% from its Thursday closing price of $563.91.
On Thursday afternoon, the company revealed a surprise third-quarter profit of $0.17 per share. Analysts were expecting a loss of $0.13.
The online retailing behemoth continues to eat everyone's lunch thanks to offerings like Amazon Prime, a membership program that offers free shipping on merchandise.
However, one of the big stories is the success of Amazon Web Services (AWS), its monster cloud-computing business.
We thumbed through 12 research notes from Wall Street analysts reacting to the earnings announcement and the stock prices surge. And the consensus is clear: BUY.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
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