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Evercore ISI hiked its price target for Amazon.com (NASDAQ: AMZN) shares from $225 to $240 and maintained an Outperform rating. The revised target is based on a 35x multiple of the firm's projected ...
In the last decade, Amazon’s revenue grew about 540% while its net income moved from losing money to 30.42 billion in profits this past year. The ride up wasn’t always smooth, however.