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Amazon could hit $3,000/share - Piper

May 24, 2019 7:20 AM ETAmazon.com, Inc. (AMZN) StockAMZNBy: Brandy Betz, SA News Editor112 Comments
  • Amazon (NASDAQ:AMZN) shares could soar more than 65% to within the next two to three years, write Piper Jaffray analysts Michael J Olson and Yung Kim.
  • Key quote: “We have a high degree of confidence that Amazon shares can reach this level with no major acquisitions or other significant changes to the business."
  • If Amazon spun out AWS, it would help show the low valuation placed on Amazon's other businesses. The core retail business would trade below other brick-and-mortars and, valued like e-commerce rivals, would imply a potential $500B upside.

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