Is Amazon Stock Worth $5,000?
Investors are still undervaluing Amazon.com's (NASDAQ: AMZN) shares. So says Needham analyst Laura Martin.
On Tuesday, Martin began coverage of the online retail and cloud computing juggernaut. She placed a buy rating and $3,200 target price on its shares -- and said they could be worth as much as $5,000 over the longer term. Martin's near- and long-term targets represent potential gains for investors of roughly 20% and 90%, based on Amazon's current share price of $2,642.
Amazon is poised to deliver strong returns to shareholders, according to Needham analyst Laura Martin. Image source: Getty Images.
Source Fool.com
