Amazon: The Bull Case for a Rally to 400 USD Strengthens. Three Reasons!
My bull case stands. I believe that the Amazon stock can definitely reach prices of 400 USD by the end of the decade.
The necessary profit drivers for this will be AWS/chip business, margin increase in eCommerce, and the emerging satellite business!
Reading Time: 3 minutes
Amazon (i) is one of the biggest winners of AI and Physical AI in the coming years, and it is now set to gain momentum in the space sector as well. By 2029, the EPS is expected to have doubled to 14 USD. If the multiple remains the same, this alone results in a price target of 400 USD. I even expect an expansion of the valuation. The bull case for the stock is strengthened for the following reasons: CEO Andy Jassy has impressively shown in the shareholder letter that the momentum in AWS and the chip sector is enormous. AWS is investing nearly...
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