Is Amazon a $5,000 Stock?
When you think of Amazon.com (NASDAQ: AMZN), the first things that come to mind are likely e-commerce and cloud computing -- and with good reason -- as these segments account for the lion's share of the company's massive business.
The company has been one of the clear winners of the stay-at-home economy that emerged in the face of the COVID-19 pandemic. Adoption of e-commerce accelerated as consumers skipped trips to brick-and-mortar retail stores for fear of contracting the virus and remote work requirements resulted in strong demand for cloud computing services.
While Amazon's two primary businesses will no doubt be the primary drivers of its future success, one analyst is making the case for the stock to climb to between $4,500 and $5,000 over the long term on the strength of the company's media assets, which could be worth $500 billion in the coming years.
Source Fool.com
