Amazon (AMZN) Might Overcome at $500 Billion According to Needham Analyst

According to the analyst Needham, Amazon (AMZN) might surpass its current capitalization in the long-term perspective.

Image source: unsplash.com

According to the analyst Needham, Amazon (AMZN) might surpass its current capitalization in the long-term perspective. He said that the company might grow faster and overcome a value of $500 Bln in the future.

It would become possible as the price per share will increase to $3,000 and above which it will affect the total value of the business.

Image source: TradingView AMZN

At the same time, the rate of the AMZN share keeps rising and about to update the historical heights. A sharp fall of the market in mid-March has also affected the price of the stock, however, it could absorb the decline and continue the rise. Mainly, most of the stocks have just returned to their value of the beginning of the year or about to come back soon.

Image source: TradingView S&P 500

In general, AMZN has added 67% to its value over the 2 months. The current price is $2,645 per share.

#Stock #Stocks #AMZN #S&P500

Saad Ullah E-mail Twitter Facebook

Saad is an engineer with more than a decade of experience in FMCG companies. He loves to write about innovative tech and blockchain.