Investing.com - With Amazon (NASDAQ:AMZN) stock storming back from its February correction low, Wall Street analysts are once again raising their stock price targets for the ecommerce giant.GBH Insights increased its price target from $1,500 to $1,850, after Amazon recently topped the $1,500 level for the first time.MKM Partners upped its target from $1,350 to $1,750.GBH cited Amazon's strong consumer retail business, driven by its Prime membership plan, and its fast-growing cloud operation, known as Amazon Web Services.Amazon stock has not only recovered all of its loss from the February low, but has hit new record highs.MKM called Amazon the best "growth story" of all the mega-cap stocks.Just a month ago, more than half a dozen Wall Street firms raised their stock price targets after Amazon posted better-than-expected fourth-quarter earnings.
