Reaching a $1 trillion valuation is a big deal, but it's not the end for most companies. As Apple has proven, there's more beyond that threshold. However, when Wall Street firms project 68% upside from a trillion-dollar stock's current price, that's a big deal. Combine that with the fact that this stock is already up more than 60% in 2023, and it becomes very intriguing.

The stock I'm talking about is none other than Amazon (NASDAQ: AMZN), which Redburn Partners has given a 12-month $230 price target as of August 11. While that indicates 68% upside, the Wall Street average projection is $175, indicating around 28% upside. So regardless of who sets the price target, the consensus is pretty clear on Amazon's stock.

So should you hop on in alongside these analysts? Let's find out.

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Source Fool.com