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Amazon.com Poised to Fly 25% Higher, Says Analyst

TheMotleyFool

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Amazon.com Poised to Fly 25% Higher, Says AnalystPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Amazon.com (NASDAQ: AMZN) is one of the pricier stocks in the retail space today, but one prognosticator believes it has plenty of room to go higher. On Thursday, UBS analyst Eric Sheridan released a report on the stock reiterating his buy recommendation and his $4,000 price target -- roughly 25% above where it currently trades.

In his analysis, Sheridan addressed one major concern some investors and pundits have expressed recently about the company -- what its comparable sales results will look like in the near future.

Image source: Amazon.com.

Source Fool.com

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