Amazon Eclipses $2,000 Per Share For the First Time

Amazon  stock hit $2,000 per share for the first time ever.

Shares rose more than 1 percent in morning trading to above $2,020.

Reaching $2,020, the stock would need to gain just $30 per share in order to reach the 13-digit market cap.

Amazon’s record high comes a day after the stock gained 3.2 percent, sparked by a bullish call by Morgan Stanley. Analysts at the bank raised their 12-month price target on Amazon to $2,500 from $1,850.

Amazon shares have been on a tear this year, surging 70.9 percent through Wednesday’s close. They have also more than doubled over the past 12 months.