Is Amazon Really Worth $800?

Amazon.com Inc AMZN 2.08% has been on quite a run in recent years, but JPMorgan analyst Doug Anmuth believes the Amazon train won’t stop until it hits $800/share. Anmuth is expecting a strong quarter from Amazon when the company reports earnings after the closing bell.

“We remain positive on AMZN & expect strong 4Q results driven by continued retail & eComm share gain, benefits of the Prime ecosystem, & AWS,” Anmuth explains in a report out this week

For years, Amazon took heat for aggressively spending on expansion and leaving shareholders with negative earnings. However, Anmuth now believes…

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