PYMNTS.com June 29, 2022
Amazon’s cloud storage unit Amazon Web Services (AWS) could be headed to a value of $3 trillion, nearly three times what the entire company is worth.
That’s according to Alex Haissl, a Redburn Ltd. analyst quoted by Bloomberg News Wednesday (June 29). Haissl also said AWS has grown so powerful that Amazon could someday split it off from its retail division.
“Separating AWS may not be on the table for now, but if the performance gap versus the non-AWS parts continues to widen, it could be on the table further down the road,” Haissl wrote.
He suggested buying Amazon shares and projected its stock will hit $270 in the next year, the highest target on Wall Street and 150% above...
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