DA Davidson's Tom Forte, one of the most bullish analysts on Amazon, says the company's customer obsessions is its most important quality.
D.A. Davidson's Tom Forte has a price target of $2,550, implying a 32% gain from here and $1.26 trillion market cap.
Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad business and is becoming a force in Hollywood through its video streaming division. Total sales jumped 31% last year to $232.9 billion.
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