Amazon.com Inc. (AMZN) has had a tremendous run in recent years, and Thursday, August 30, that run culminated in the stock crossing $2,000 for the first time ever.
Amazon shares at last check rose 4.9% to $2,003, a new intraday high for the online retailing giant.
Amazon shares have risen 600% over the past five years.
Amazon shares jumped more than 3% during Wednesday's session after analysts at Morgan Stanley raised the company's price target to $2,500 from $1,850.
The firm is bullish on the company's high margin revenue streams, which Morgan Stanley believes will drive higher profitability.