Wall Street is tripping over itself to heap superlatives on Amazon (NASDAQ: AMZN) after the e-commerce giant on Thursday reported massive sales and profit gains for the second quarter, but Deutsche Bank (NYSE: DB) analyst Lloyd Walmsley is going even further than most. In a research note to investors titled "2 Trillion reasons why we like Amazon shares," Walmsley laid out the case for how the tech stock "utterly dominates" marketplace trends. UBS also predicted that the company's shares could hit $4,000 per share while Goldman Sachs has set what looks to be a Wall Street high target of $4,200 per share. Read More...
Analyst Predicts Amazon Will Hit $2 Trillion Valuation
Wall Street is tripping over itself to heap superlatives on Amazon (NASDAQ: AMZN) after the e-commerce giant on Thursday reported massive sales and profit gains for the second quarter, but Deutsche Bank (NYSE: DB) analyst Lloyd Walmsley is going even further than most. In a research note to investors titled “2 Trillion reasons why we like Amazon shares,” Walmsley laid out the case for how the tech stock “utterly dominates” marketplace trends. UBS also predicted that the company’s shares could hit $4,000 per share while Goldman Sachs has set what looks to be a Wall Street high target of $4,200 per share.
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