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Deutsche Bank initiates Amazon with a buy, sets price target with near 40% upside

A sign hangs from a fence at Metropolitan Park, the first phase of new construction of Amazon's HQ2 development, in Arlington, Virginia, October 13, 2021.
Kevin Lamarque | Reuters

Investors are underappreciating Amazon's growth potential, even after the firm's 20-for-1 split announcement Thursday led to a surge in the stock, according to Deutsche Bank.

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