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Amazon's price target increased to $2,800 and is on track to cross $4000 in 3 years - Jefferies
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Jefferies raises Amazon's price target from $2,300 to the Street-high $2,800, citing the "attractive growth-adjusted valuation and upside to forward profit estimates".
Jefferies reiterated that AMZN remains their top large-cap pick and estimated a path to AMZN trading at $4,000.
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