Amazon (AMZN) shares clocked an all-time high last week by reaching $2,722.35. According to Needham analyst Laura Martin, that milestone will soon be left in the dust as the all-conquering Amazon is heading towards $3,200.As it happens, $3,200 is only Martin’s short-term goal. Over time, Martin reckons Amazon stock could be worth up to $5,000 per share, based on what the 5-star analyst calls “Amazon’s hidden value multiplier.”There are several of these. One is a TAM (total addressable market) expansion multiplier, based on “AMZN’s track record of TAM-expanding decisions that elongate its growth runway, drive higher profitability, and lower shareholder …read more
Source:: Yahoo Finance
