Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion.
Shares of Amazon popped 2% Monday to hit a new all-time high. The stock only needs to go up another 7% for the Jeff Bezos-led company to top a trillion dollar market valuation.
Amazon () is firing on all cylinders this year. Shares of the retail/cloud/media/consumer gadget giant are up nearly 65% in 2018. Health care may be the next big market that the company disrupts, following its acquisition of online pharmacy PillPack.
Analysts are predicting that Amazon’s sales will surge 32% to a whopping $265 billion this year — and earnings per share will nearly triple. If there’s an obstacle in the path to a $1 trillion market cap, it’s not clear what that would be.
But Wall Street analysts aren’t sure whether Amazon could move ahead of Apple.