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Amazon Shares Could Nearly Triple From Here, One Analyst Says
Amazon Web Services just might be the most valuable business on Earth. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock (ticker: AMZN), which has fallen 35% so far this year and more than 40% since its November peak. Now valued at about $1.1 trillion, Amazon shares have been hurt by a combination of factors which go well beyond the general market malaise.