Poised to Fly 25% Higher, Says Analyst Poised to Fly 25% Higher, Says Analyst
Eric Volkman, The Motley Fool

On Thursday, UBS analyst Eric Sheridan released a report on the stock reiterating his buy recommendation and his $4,000 price target -- roughly 25% above where it currently trades. After all, Amazon's business has surged in 2020, with impressive growth rates for a company this mature. Acknowledging the challenge this year's excellent results posed in terms of the company's 2021 comps, Sheridan wrote: "While we continue to believe that Amazon is best positioned to benefit from high eCommerce adoption rate and the shift in consumer shopping behavior, we do expect to see a return to more normalized growth levels in '21 and beyond while pointing to potential [operating income] margin upside as the company is lapping significant COVID-19 related investments."