Two weeks ago I wrote that Amazon (NASDAQ:AMZN) stock was worth 43% more at $4,634.26 per share. At the time, AMZN stock was trading at $3,224. But on Friday, Feb. 4, the stock rose 13.5% to $3,152.79. So the stock made a major boomerang but ended up just about where it was two weeks ago.
So far this year the stock is still down 3.17% year-to-date (YTD), even though it rose 13.5% on Feb. 4.
The good news is that since then Amazon reported stellar earnings on Feb. 3. That makes my projection for a 43% higher price target more salient now than before.
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