Amazon (AMZN) Could Reach $1.4 Trillion, Goldman Sachs Analyst Says

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Amazon (AMZN) Could Reach $1.4 Trillion, Goldman Sachs Analyst Says

goldman-sachs-analyst-predicts-amazon-amzn-reaching-1-4-trillion

  • Goldman Sachs analyst Heath Terry predicts Amazon stock (AMZN) reaching $1.4 trillion in the near term.
  • Terry expects next week’s quarterly earnings reports to be above market consensus. 

Goldman Sachs analyst Heath Terry says Amazon stock (AMZN) could reach $1.4 trillion to become the most valued company on Earth. 

According to a report by Barron’s, Terry published a research note on Thursday predicting a bullish outlook for Amazon stock. AMZN share prices are up 30% year to date, with the company’s market capitalization above $1.2 trillion and nearing an all-time high. 

In the note, Terry expects Amazon to be “well above consensus” in the March quarter for both revenue and profits are set to be released next week. Terry also predicted Amazon’s Q2 earnings report would likewise be above consensus. 

Wall Street consensus calls for $72.9 billion in revenue and profits for Amazon in Q1, with the June quarter pegged at $76.6 billion. The Goldman Sachs analyst wrote that he sees the March and June quarter posting $74.1 billion and $82.8 billion in revenue and profits, respectively. 


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