JPMORGAN: Amazon could be worth $1 trillion some day

Business Insider | 1/10/2018 | Joe Ciolli
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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...
(Excerpt) Read more at: Business Insider
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