Amazon.com (AMZN.O) shares hit a record high in early Monday trading, pushing
market capitalization above $3 trillion for the first time. The stock has risen
about 17% over the past week. Institutional fair-value analysis still shows the
share price slightly undervalued. AWS revenue grew 37% this quarter; on an
adjusted basis company revenue and operating profit beat market expectations by
2% and 11%, respectively. Benchmark, UBS and TD Cowen have raised their PTs
following the results.