Jefferies: Amazon could hit $1T valuation by 2022

Mar. 13, 2018 11:34 AM ETAmazon.com, Inc. (AMZN)AMZNBy: Brandy Betz, SA News Editor51 Comments
  • Jefferies analyst Brent Thill says Amazon (NASDAQ:AMZN) is on track to reach $1T in market cap by 2022, a 29% valuation upside to yesterday.
  • Thill sees ads as a key driver with the potential for $22B in ad revenue by 2022, up from $4B last year.
  • Thill maintains a Buy rating on Amazon and raises its target from $1,750 to $1,850, a 16% upside to yesterday’s close.
  • Amazon shares are down 0.9% to $1,584.40. 
  • Previously: GBH: Amazon and Facebook could disrupt live sports broadcasting (March 13)

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