Amazon at $3,000? Piper Jaffray thinks so

▤ Summary

But one very bullish analyst thinks the Jeff Bezos-led company could have a market value of nearly $1.5 TRILLION within the next few years. Piper Jaffrays Michael Olson said in a report Friday that Amazons stock could climb to $3,000 a share within the next two to three years. Olson thinks it will happen if Amazon pretty much just continues to do what it has been for the past few years -- and even if growth in its core online retail business keeps slowing. 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," Olson wrote. Its currently second only to Microsoft (MSFT) in market cap and slightly ahead of Apple (AAPL).

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