Amazon could hit $1 trillion in market cap in the next 12 to 18 months, analyst Dan Ives said Monday.
The GBH Insights analyst raised the price target for the e-commerce giant to $1,850 from $1,500.
"The Prime membership moat that [CEO Jeff] Bezos & Co. have built is gaining further steam in the field, and the Amazon 'flywheel effect' is further playing out globally among consumers," Ives said in a note.
"The Bezos strategic path, both on the consumer and enterprise fronts, are still in the middle innings of playing out and Amazon remains a 'green light' name to own at these levels," he said.
Amazon's "1-2 punch" of consumer retail growth and Amazon Web Services — combined with Whole Foods tailwinds and a push into healthcare — could push the company past the milestone, Ives said.
Published by CNBC.com (CNBC) Link (Source): https://www.cnbc.com/2018/02/26/amazon-market-cap-could-hit-1-trillion-in-12-months-dan-ives-says.html
Note: Amazon like it namesake river could become the largest company in history of business by 2030 with an unprecedented $2 Trillion stock market capitalization (stock value). Long Live Amazon!
Submitted February 26, 2018 at 10:14AM by snack-fu-bling http://ift.tt/2sZE6og
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