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Moffett Nathanson has 51 billion reasons to buy this technology powerhouse for 2024

October 11, 2023 10:52 AM EDT

When it comes to tech stock, many investors don't need much convincing to jump in. Especially when it is one of the major players in the market.

Nevertheless, Moffett Nathanson analyst Michael Morton said in a note Wednesday that his firm sees 51 billion reasons to buy the shares of tech powerhouse Amazon (NASDAQ: AMZN) for 2024.

The analyst commented that a company the size of Amazon will always have something... More