If You Buy Amazon With $10,000 at a 10% Discount From Its High, Here's What I Predict It Could Be Worth in 10 Years
This "Magnificent Seven" stock likely won't have the same 561% return that it posted in the past decade.
Overview
Amazon (NASDAQ: AMZN) is an exceptional business. It has a strong presence in multiple massive, high-growth industries. Its $2.7 trillion market capitalization makes it one of the most valuable companies on Earth.
However, the shares have disappointed investors. They are up 47% in the trailing five-year period (as of Sept. 2), significantly underperforming the S&P 500 index. They also trade 10% below their all-time record, which was established about a month ago in early August.
Details
This setup looks like a good opportunity for investors to buy a stake in the "Magnificent Seven" stock. Here's what I predict a $10,000 allocation made at a 10% discount today will be worth in 10 years.
Source
Originally published at www.fool.com.