Next Stop for Amazon (AMZN) Stock: $3,000 a Share

The coronavirus panic has most of the economy in a deep freeze. Brick-and-mortar retail stores are getting hammered. The food-supply-chain is under pressure. Unemployment is rising. And all the signs suggest that the U.S. economy is headed for a recession. With the opportunity matrix changing for investors, the COVID-19 pandemic is transforming one heavyweight into an absolute juggernaut. We're talking about Amazon.com Inc. (NASDAQ: AMZN), which has become the essential retailing icon of the pandemic. In fact, our Michael Robinson is predicting that we'll eventually see Amazon at $3,000 a share as a result of the market. And the stock will move even higher from there. Here's why... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Next Stop for Amazon (AMZN) Stock: $3,000 a Share appeared first on Money Morning - We Make Investing Profitable .