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Amazon shares of already searched eighty five percent over the last two years but a top rated analysts at Piper Jaffray says it's still way undervalued Michaelson predicts the online retailer's stock could soar to three thousand dollars a share in two years that would be a sixty five percent leap from war trades now and you can do so he says without big changes to its business also argues the true valuation of Amazon when you add up its three main parts of retail advertising in the cloud is around one point five trillion dollars he arrived at that total by using multiple supply to eat commerce companies instead of traditional brick and mortar retailers the three thousand dollar prediction is slightly reminiscent of then CIBC Oppenheimer analyst Henry Blodget %HESITATION dishes call during the dot com craze in nineteen ninety eight now CEO and editorial director business insider wanted back then correctly predicted Amazon shares trading at forty dollars with catapult to four hundred dollars in twelve months the stock cop that just weeks later then eventually sank in the dot com crash if Piper Jaffray's right no make Warren Buffett's Berkshire Hathaway look smart earlier this month we disclose it only eight hundred sixty million dollars worth of Amazon shares Amazon stock rose slightly on the call