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JPMorgan says that Amazon's market value could eventually grow to more than $1 trillion.
The firm says that Amazon is "investing in more major growth opportunities than any other company."
Stock - % - Levels - Valuation
The stock would have to surge 66% from current levels to achieve a 13-digit valuation.
Amazon is already the fourth-highest valued company in the US market at $602 billion, but JPMorgan has its sights set much higher.
Lot - Amazon - % - Surge - FANG
Which is saying a lot, since Amazon's 56% surge in 2017 was already the best in the hyper-elite "FANG" group, which also consists of similarly red-hot Netflix, Facebook and Google.
"We believe Amazon has the potential to be a $1 trillion dollar company over time, as it remains early in the e-commerce and cloud secular shifts," JPMorgan analyst Doug Anmuth wrote in a client note. "And in our view, Amazon is investing in more major growth opportunities than any other...
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