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COVID-19 was ‘watershed moment’ for ecommerce, especially Amazon, says analyst

On Friday, SunTrust Robinson Humphrey analysts led by Youssef Squali raised their price target on shares of Amazon to a street-high of $3,400. The move comes after a proprietary ecommerce survey which revealed several reasons to stay positive on the stock, including a permanent shift to ecommerce and the fact that Amazon’s new customers will stick with the platform. The Final Round panel discusses the bullish call.