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

2019-5-25 18:42

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

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