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BARCLAYS: Amazon is probably going to be one of the first 'trillion-dollar' companies (AMZN)

Barclays thinks Amazon stock price will rise 29% and made the case for the stock's market cap to reach one trillion dollars.

Amazon Founder and CEO Jeff Bezos.

Amazon's stock price has been on a tear over the last year, gaining 46%.

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A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside.

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