Why 1 Wall Street Analyst Thinks Amazon Stock Will Soar 30% Over the Next 12 Months

This won't come as a shocker, but Amazon (NASDAQ: AMZN) continues to make shareholders happy. The stock has been a massive winner since its IPO in May 1997. But Amazon's impressive performance isn't just (relatively) ancient history. Its shares have skyrocketed 45% over the last 12 months. Will this momentum fizzle? Maybe not. Here's why one Wall Street analyst thinks Amazon stock will soar another 30% over the next 12 months.Evercore ISI has been bullish about Amazon for a long time. The last time the investment bank downgraded the stock was in June 2015 from a "buy" to a "hold." Two months later, the firm upgraded Amazon to a "buy" once again. In December 2017, Evercore rated the stock as an "outperform" and has stuck with that rating ever since. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool