Amazon could surge 90% to $5,000 in long-term bullish scenario, analyst says
could continue to trade at all-time highs for years to come and eventually hit $5,000 a share, representing 90% upside from current levels, if Needham's long-term bullish scenario play out.
Needham continued:"We estimate that any business appended to Amazon's core e-commerce business is worth 1.5x more than that company would be worth outside the Amazon umbrella. By implication, sum-of-the-parts calculations based on public company comps meaningfully understate Amazon's value."
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