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Business, Stocks

“One FANG stock could rally another 40% before it gets overvalued, trader says”

“Yes, they’re [Google] spending some money right now on one-day shipping but that’s a short-term drag and that’s actually going to make them much, much stronger in the long run,” Tepper said…

“It’s trading in the mid-$1,700s right now. We think fair value is somewhere between $2,000 and $2,400 so plenty of upside here,” said Tepper.

A move to $2,400 implies 39% upside from current levels. It would also mark a new all-time high…”

https://www.cnbc.com/2019/09/30/amazon-could-rally-another-40percent-before-it-gets-overvalued-trader-says.html

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