Buffett’s Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months

Buffett’s Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months


By CCN: In a shockingly-bullish call, Piper Jaffray predicts that Amazon stock will surge to $3,000 in as little as two years. That means Warren Buffett and Berkshire Hathaway’s recent $900 million AMZN acquisition could be worth $1.44 billion in 2021. According to Piper analyst Michael Olson, this is a conservative projection of Amazon’s stock price into the future. He says this stunning 65% price rally will be easily attainable on the momentum of Amazon’s current operations: “We believe AMZN shares will reach $3,000 by sometime between mid-’21 and mid-’22 or within 24-36 months. We have a high degree of

The post Buffett’s Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months appeared first on CCN

Posted by Wes Messamore on May 24, 2019 @ https://www.ccn.com/warren-buffett-amazon-stock-hoard-worth-1-4-billion

Comments are closed.