Amazon.com (AMZN) PT Raised to $2,350 at Jefferies, Could Reach $3,000 By 2020

Jefferies analyst Brent Thill raised the price target on Amazon.com (NASDAQ: AMZN) to $2,350.00 (from $2,185.00) while maintaining a rating.

The analyst comments "We are publishing a 45-page deep dive on AMZN, looking at its SOTP which suggests >50% upside to potential value of $3,000 by 2020. We believe stock is undervalued, despite being one of the best performing Internet names YTD, up over 60%. In our view, many of its embedded growth opportunities are underappreciated and the optionality from new initiatives is not reflected in the stock."

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