Blodget Vindicated!

Amazon.com (AMZN) is up to $138 a share today which is yet another new high. We’re coming up on the 11th anniversary (December 16th) of Henry Blodget’s famous $400 long-term price target for Amazon.
The stock has since split 6-for-1 (a 2-for-1 and a 3-for-1) so the adjusted price target works out to be $66.66
We can debate what long-term means, but if it’s 11 years, then Blodget was pretty much spot on if we assume an average return on equity of around 7%.

Posted by on December 1st, 2009 at 11:44 am


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