Amazon Shares Could Triple In Five To Six Years

Investing.com - E-commerce giant Amazon (NASDAQ:AMZN) will triple its share of the retail industry in the next seven years, according to MKM Partners.Along with that prediction, the Wall Street firm raised its 12-month stock price target from $1,750 to $1,840, calling Amazon the "best long-term, growth story among the mega-caps."In a note to clients, MKM says Amazon's management, infrastructure and subscribership will drive "meaningful share gain",The firm sees Amazon's share of the retail industry going from 5.2% in 2017 to 14.5% in 2025. MKM also sees Amazon's share price tripling in the next five to six years.Amazon shares are up more than 60% in the past year.