BARCLAYS: Amazon is probably going to be one of the first ‘trillion-dollar’ companies (AMZN)

Amazon’s stock price has been on a tear over the last year, gaining 46%.

A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside.

In a flurry of notes released from their Internet & Media desk on March 29, Barclays picked Amazon as one of their favorites in the sector and made the case for the stock’s market cap to reach one trillion dollars.

Continue reading… “BARCLAYS: Amazon is probably going to be one of the first ‘trillion-dollar’ companies (AMZN)”