Macquarie: Amazon Will Be The First Trillion Dollar Company

Global financial services group Macquarie predicted that Amazon will be the first trillion dollar company, after it had been impressed the company’s “blowout” earnings.

Macquarie analyst Ben Schachter said that he is raising his 12-month price target on Amazon from $1,750 to $2,100, and told clients that the ecommerce giant’s core 1st and 3rd party retail sales continue to take significant share from virtually all competitors, while its subscription business, AWS, and advertising business are all exceeding expectations.

However, Schachter also warned that government regulation and political interference could pose a risk to the company’s growth.

Source: CNBC

Post a Comment