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Blodget Was Right About AMZN

Published 06/01/2017, 10:42 AM
Updated 07/09/2023, 06:31 AM
AMZN
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Back in December 1998, Henry Blodget offered up the insane (at the time) projection that Amazon.com's (NASDAQ:AMZN) price would go hit $400 per share (that was many splits ago). He got torched for the call and his career career tanked soon after.

The chart below represents Amazon’s entire history, including a red arrow marking the point where Henry said to buy the stock. It took a little while, but let’s face it, the man was being conservative.
Amazon.com

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