Analyst: Amazon Still Has a 70% Upside Potential Over Three Years

Despite its stock value having climbed more than 65% over the past year, online retail and tech titan Amazon (NASDAQ: AMZN) still has a gigantic growth spurt coming, one major analyst claims. Brent Thil, an analyst with Jefferies Financial Group, said in a research note today Amazon is likely to see a 70% rise over the next three years, and he sees a "pathway to $5,700" for the company, The Fly reports. The official Jefferies price target for Amazon remains $4,000, a much more modest 17% rise from current share value.