Can Amazon Become a $4 Trillion Stock by 2027?
It's underperforming the market right now.
Overview
Amazon (NASDAQ: AMZN) has been one of the best-performing stocks ever on the market, but it's not so hot right now. It's underperforming the S&P 500 with a 7% year-to-date increase, right smack in the middle of the "Magnificent Seven" stocks.
One Wall Street analyst sees Amazon stock gaining 50% over the next 12 months. If that were to happen, Amazon would reach $4 trillion in total value. Here's how it could work.
Details
Amazon's biggest opportunities today are in artificial intelligence (AI). It was in a position to harness the opportunity when AI exploded almost four years ago, since its cloud services company, Amazon Web Services (AWS), is the largest of its kind, accounting for nearly 30% of the global market, according to Statista.
Source
Originally published at www.fool.com.
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