Amazon Stock: Headed to $5,000?
Amazon's (NASDAQ: AMZN) stock price has significantly underperformed over the last few years. The stock is up just 19% since the end of June 2020. That trails the 46% return of the S&P 500 index over the same period.
But the tech titan has continued to grow. Amazon's trailing-12-month revenue has increased 46%, and the company has accelerated its capital spending to satisfy growing demand.
For this reason and others, Susquehanna analyst Shyam Patil sees substantial upside in the stock. The analyst has a price target of $5,000, which represents a potential 57% return from Amazon's current trading price of $3,175. Let's dig deeper to determine if this is a reasonable expectation.
Source Fool.com
