Stock Investing
The Morgan Stanley Analysts Believes The Amazon (AMZN) Era Is Not Over Yet Says
Amazon.com Inc. (AMZN) may almost double in value by 2023, say analysts at Morgan Stanley. An investment bank Morgan Stanley released a brief policy Monday, May 17, discussing how it sees one of Amazon’s largest online retailers in the future. Experts at the bank predict that Amazon’s shares will be worth about $ 6,000 in only two years. This represents an increase of about 80 % over the current price. The Morgan Stanley thesis is created using the PEG ratio (stock price versus earnings per share versus expected future earnings) of Amazon and other retailers. Amazon’s PEG is about 1.2,
