🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

GBH Insights ups Amazon target to 23% upside, $1T valuation

Published 02/26/2018, 09:46 AM
© Reuters.  GBH Insights ups Amazon target to 23% upside, $1T valuation
AMZN
-
  • GBH Insights raises its Amazon (NASDAQ:AMZN) price target from $1,500 to $1,850, which is a 23% upside to Friday’s close and would represent an over $1T valuation in 12 to 18 months.
  • Analyst Dan Ives says the Prime membership moat is “gaining further steam in the field, and the Amazon ‘flywheel effect’ is further playing out globally among consumers.”
  • Ives calls Amazon’s consumer retail growth and AWS the “1-2 punch” backed by the Whole Foods tailwinds and the recent healthcare push.
  • Amazon shares are up 1.1%.
  • Now read: Amazon: No Bubble But No Upside, Either


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.