Amazon’s Record-Priced Stock Could Soar Even Higher

As Amazon  (AMZN)  shares continue to advance into record territory, the question for many investors is whether the e-commerce giant, which already sports a market cap of over $340 billion, still has room to go higher.  The answer according to several analysts is yes, citing the continued potential of the company’s Prime membership program, cloud computing business and its artificial intelligence efforts.   Amazon’s stock is up about 66% in the last year, and 26% in the last month. In early afternoon trading on Wednesday, shares were up 0.3% to $724.87. E-commerce is still early in its penetration of retail and that will be a key driver of the Seattle-based company’s stock movement in the long-term, said Needham & Co. analyst Kerry Rice via phone Wednesday. “Amazon will benefit as consumers look [increasingly] toward the Internet to find…

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