Barclays initiates coverage of Amazon with an Overweight rating and $1,120 price target, suggesting 30% upside. The 12-month bull case PT of $1,344 is close to 60% upside.
Amazon, says the team, is likely to be one of the first $1T market cap companies (implying a price of about $2K per share).
Date: 28/03/2017
