50% Stock Surge Will Launch Amazon to a $1.3 Trillion Valuation: Analyst

By CCN: Billionaire Jeff Bezos should buckle up because Amazon stock will surge 50% over the next year to top $2,750 a share. That’s the bold prediction of Michael Levine, a senior analyst with New York equity-research firm Pivotal Research Group. Analyst: Amazon’s Valuation Will Soar to $1.35 Trillion Levine’s bullish Amazon price target is well above the second-highest forecast of $2,500 by Cowen, according to Tip Ranks. Using Levine’s projection, that means Amazon — which is currently valued at about $893 billion — could rocket to $1.35 trillion by 2020. ‘A Must-Own Name With Huge Upside Potential’ Amazon stock

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