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Amazon shares will reach $3,000 in 2 years without the company really trying, Piper Jaffray says

May 24, 2019

Via: CNBC

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 is doing today, Piper Jaffray told clients on Friday.

“We believe AMZN shares will reach $3,000 by sometime between mid-’21 and mid-’22 or within 24-36 months,” said analyst Michael Olson in a note. “We have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business.”

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