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Amazon could soar 23% on these 5 investment drivers in 2021, BofA says
1 month ago - By Business Insider
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Amazon could surge 23% to $4,000, Bank of America said in a note on Thursday.
The e-commerce retailer will be facing tough earnings comps in 2021, but multiple expansion could still drive the stock higher, according to BofA.
These are the 5 investment drivers that could push Amazon higher in 2021, according to BofA.
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Amazon will face tough comparable sales in 2021 after it saw a surge in business due to the COVID-19 pandemic, but that's no reason to sell the stock, Bank of America said in a...
Read more ...Amazon could soar 23% on these 5 investment drivers in 2021, BofA says
1 month ago - By Business Insider
David McNew/Getty Images
Amazon could surge 23% to $4,000, Bank of America said in a note on Thursday. The e-commerce retailer will be facing tough earnings comps in 2021, but multiple expansion could still drive the stock higher, according to BofA. These are the 5 investment drivers that could push Amazon higher in 2021, according to BofA. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Amazon will face tough comparable sales in 2021 after it saw a surge in business due to the COVID-19 pandemic, but that's no reason to sell the stock, Bank of America said in a...
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