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STRONG BUY: Here's what 12 Amazon analysts are saying about the surprise profit and exploding stock price

Sam RoOct 23, 2015, 18:03 IST

Amazon CEO Jeff Bezos speaks at a news conference in front of a graphic showing the rise in sales of Kindle books during the launch of Amazon's new tablets in New York, September 28, 2011.REUTERS/Shannon Stapleton

Amazon shares are going bonkers.

At around $620, the stock is up a whopping 9.9% from its Thursday closing price of $563.91.

On Thursday afternoon, the company revealed a surprise third-quarter profit of $0.17 per share. Analysts were expecting a loss of $0.13.

The online retailing behemoth continues to eat everyone's lunch thanks to offerings like Amazon Prime, a membership program that offers free shipping on merchandise.

However, one of the big stories is the success of Amazon Web Services (AWS), its monster cloud-computing business.

We thumbed through 12 research notes from Wall Street analysts reacting to the earnings announcement and the stock prices surge. And the consensus is clear: BUY.