3rdPartyFeeds

Amazon Shares Could Nearly Triple From Here, One Analyst Says

Amazon Web Services just might be the most valuable business on Earth. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock (ticker: AMZN), which has fallen 35% so far this year and more than 40% since its November peak. Now valued at about $1.1 trillion, Amazon shares have been hurt by a combination of factors which go well beyond the general market malaise. Read More...

Amazon Web Services just might be the most valuable business on Earth. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock (ticker: AMZN), which has fallen 35% so far this year and more than 40% since its November peak. Now valued at about $1.1 trillion, Amazon shares have been hurt by a combination of factors which go well beyond the general market malaise.

Read More

Add Comment

Click here to post a comment