Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Amazon is currently worth a little less than $900 billion. But one very bullish analyst thinks the Jeff Bezos-led company could have aPiper Jaffray's Michael Olson said in a report Friday thatThat's an increase of nearly 65% from current levels. Olson is bullish on Amazon's massive AWS cloud business and also cited the fact that its advertising business is rapidly growing.
But perhaps the most amazing thing about this call? Olson thinks it will happen if Amazon pretty much just-- and even if growth in its core online retail business keeps slowing. We have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business," Olson wrote.It's currently second only to Microsoft (
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