This Warren Buffett Stock Could Soar 60% According to Wall Street

By Neil Rozenbaum – Oct 3, 2022 at 12:17PM

NASDAQ: AMZN

Amazon

Market Cap

$1,883B

Today's Change

(-1.11%) -$2.04

Current Price

$181.28

Price as of April 17, 2024, 4:00 p.m. ET

The stock has been flat for the past two years, but that might change soon.

In this video, I will talk about the Warren Buffett stock that could soar 60% according to Wall Street analysts. To most people's surprise, Buffett's Berkshire Hathaway does own a position in Amazon (AMZN -1.11%). The stock is trading at the same price as it did in early 2020, but some analysts think the stock is ready to go higher. So it might not be too late to buy Amazon stock.

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*Stock prices used were the closing prices of September 30, 2022. The video was published on October 3, 2022.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.