Amazon.com Inc.’s stock surged 2.2% to another record high, as it heads for the longest win streak in 4 1/2 years, after another analyst price target increase. The stock is on track for a 10th-straight gain–it has gained every session so far in 2018–which would be the longest such streak since the 10-day streak ending July 12, 2013. The stock has rocketed $164.29, or 14%, during the streak, to boost the e-commerce giant’s market capitalization by about $79.2 billion to $642.70 billion. On Tuesday, BMO Capital analyst Daniel Salmon raised his stock price target to $1,600, which is the highest among the 48 analysts surveyed by FactSet. Amazon’s stock has run up 32.5% over the past three months, while the S&P 500 has gained 9.7%.
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