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Amazon Stock: Headed to $4,500?

TheMotleyFool

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After an epic 2020 for Amazon (NASDAQ: AMZN) stock, when shares surged 76% higher, the stock took a breather in 2021. Year to date, shares are up less than 5%. This is far below the S&P 500's 27% gain over this same timeframe. One analyst, however, thinks that the stock's momentum can pick back up in 2022.

Monness Crespi Hardt analyst Brian White recently reiterated a buy rating and a $4,500 12-month price target on Amazon stock, representing more than 30% upside for the growth stock. Is now a good time to buy Amazon shares?

Image source: Getty Images.

Source Fool.com

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