Founder, CEO, CEO and President of Amazon Jeff Bezos gives thumbs up as he speaks during an event about Blue Origins Space Research Plans in Washington, USA, May 9, 2019.
Clodagh Kilcoyne | Reuters
The Amazon shares will rally to $ 3,000 in about two years, making them worth nearly $ 1.5 trillion, without the company doing much differently than it does today, Piper Jaffray clients said on Friday.
"We believe that AMZN shares will reach $ 3000 right away between the middle of & nbsp; 21[ads1] and mid & # 39; or within 24-36 months," said analyst Michael Olson in a note. has a high degree of confidence that AMZN shares can reach this level without major acquisitions or other significant changes in the business. "
Olson also noted that he expects to weaken the growth of all major Amazon business lines and apply conservative multiples and still comes For this eye-catching conclusion. Using a sum-of-the-part analysis, the analyst finds that the retail side of the Amazon business is cheap.
"Adjusting the value of the AWS segment and Advertising (within" Other ") trades the company's core details segment at a level that means that the business is valued under a traditional brick and mortar several of the sales, the note says. 19659002] Piper's official 12-month price target is $ 2,225 and it considers the stock overweight. A $ 3000 rally would mean a 65% win from here.
Amazon shares are increasing by 20% this year and 86% over the past two years. However, the stock is of 11% from its all-time high which puts its value at more than $ 1 trillion.