Amazon to $1,600 in just 12 months, rivaling Apple's size, UBS says
- UBS raises its 12-month price target on Amazon to $1,200 from $1,100.
- The firm describes a bullish scenario that could take the shares as much as 60 percent higher from here.
Currently, the analyst sees North America sales increasing by 21.9 percent and international sales rising by 16.4 percent in 2017. But Sheridan believes those growth rates could actually come in at 25.9 percent and 20.4 percent respectively, justifying the upside scenario.