ADVERTISEMENT

BARCLAYS: Amazon is probably going to be one of the first 'trillion-dollar' companies (AMZN)

Barclays thinks Amazon stock price will rise 29% and made the case for the stock's market cap to reach one trillion dollars.

Amazon Founder and CEO Jeff Bezos.

Amazon's stock price has been on a tear over the last year, gaining 46%.

ADVERTISEMENT

A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Seven African countries added to Meta's AI service coverage

Seven African countries added to Meta's AI service coverage

10 African countries with the lowest inflation rates in 2024

10 African countries with the lowest inflation rates in 2024

Davido launches his label Nine+ in partnership with UnitedMasters

Davido launches his label Nine+ in partnership with UnitedMasters

Nigeria's economic ranking drops to fourth in Africa

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

10 most expensive cities in Africa in 2024

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

ADVERTISEMENT