Amazon could be worth $2.5 trillion by 2024, analyst says

Amazon could be worth $2.5 trillion by 2024, analyst says

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/22/amazon-could-be-worth-more-than-2-trillion-in-2024-analyst-says.html

Amazon could reach a $2.5 trillion stock market value by 2024, and its very profitable cloud business is a big reason why, according to a new report from MKM Partners.

MKM's Rob Sanderson wrote on Wednesday that Amazon Web Services could be worth $1 trillion in six years, more than the current market cap of the entire company, which currently sits at $929 billion. Apple crossed the trillion-dollar mark earlier this month.