Amazon Price Target is Raised to $1,000 a Share by JP Morgan

JP Morgan raises its price target on Amazon, citing its market share gains in online merchandise.
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JP Morgan is bullish on Amazon  (AMZN) - Get Report .  The bank raised its price target on Amazon to $1,000 a share, up from $925 a share.  JP Morgan says Amazon continues to gain market share in electronics and other merchandise, and that Amazon Web Services is surpassing profit expectations.