Amazon PT raised on more upside from world domination plans

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    Just a little FYI in case you needed another reason to buy Amazon.

    Piper just raised their PT to $1,400 citing, hilariously, “room for more wallet share.”

    “After surveying 1,000 internet users and finding most respondents use Amazon far more sparingly than many would expect,” Piper thinks maybe Jeff Bezos’ world domination plans have room to run.

    “Despite AMZN’s size and continued strong growth, it is arguably still in the early innings of its share gain potential, even in the company’s most penetrated markets,” the note reads.

    Holiday retail spend data compared to Piper’s estimates shows ” only low-to-mid single digit penetration for the company.”

    `AMZN

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