Buffett’s Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months
Amazon stock will surge 65% to $3,000 in as little as 24 months, netting Warren Buffett and Berkshire Hathaway an easy $500 million. | Source: AP Photo/Nati Harnik (i), Jim WATSON / AFP (ii). Image Edited by CCN.
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. 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 confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business.”
Amazon Stock Will Easily Surge 65% in Less Than 36 Months
This wouldn’t be the first time the retail giant’s stock embarked on a stellar price run. Piper used conservative multiples to arrive at their figure. If Amazon stock trades at $3,000 in two years, it will actually be underperforming its last two years, in which shares grew 86%. AMZN shares are up 20% for the year so far.