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.