What's cooler than a few billion dollars? A trillion dollars.
And for Amazon, that milestone is in sight. The tech giant will eventually be worth $1 trillion, the financial services firm Barclays predicted.
"AMZN is likely to be one of the first trillion-dollar market cap companies; it's just a question of when, not if, in our view," analyst Ross Sandler wrote in a note to Barclays' clients.
The prediction came about because Barclays advised its investors to buy more of Amazon stock. In the near term, the firm predicted that Amazon would earn more than expected this year. Read more...
More about Barclays, Jeff Bezos, Amazon, and Business
March 30, 2017 at 08:27PM
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from Emma Hinchliffe
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