Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split adjusted price of $.07.
Today, Amazon stock trades for $182.81, which means that stock is up over 186,000% since May 1997 turning every $1000 invested into $1.86 million today.
The only thing that matters from this point on is what the stock will do for the next 1, 5, and 10 years and beyond. Let’s crunch the numbers and give you our best guest on Amazon’s future share price.
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