Amazon Stock Can Easily Get to $2,600, If…
It’s never easy to be the person behind Wall Street’s loftiest target on a stock, particularly when it’s a high-profile name like Amazon.com (NASDAQ:AMZN) stock. All eyes are on your guess, first and foremost. If you’ve misjudged what lies ahead, investors blame you more than anybody else.
That’s particularly true for RBC Capital analyst Mark Mahaney’s call on AMZN stock. Not only is it bold, but it’s big, too. Mahaney believes Amazon stock should reach $2,600 per share in the foreseeable future, up more than 40% from its current price.
But the recently-upped target isn’t as outrageous or out-of-reach as some investors might think.
Source: finance.yahoo.com September 9, 2019
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