Amazon could soar 23% on these 5 investment drivers in 2021, BofA says
Matthew FoxJan 22, 2021, 01:47 IST
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Amazon could surge 23% to $4,000, Bank of America said in a note on Thursday.
The e-commerce retailer will be facing tough earnings comps in 2021, but multiple expansion could still drive the stock higher, according to BofA.
These are the 5 investment drivers that could push Amazon higher in 2021, according to BofA.
Amazon will face tough comparable sales in 2021 after it saw a surge in business due to the COVID-19 pandemic, but that s no reason to sell the stock, Bank of America said in a note on Thursday.