Amazon could increase by 35% with AWS worth more than $ 500 billion, according to an analyst

Amazon's shares could be worth $ 2,500 a share in a year, said Cowen, estimating that his Amazon Web Services business was $ 505 billion.

Cowen has raised its 12-month price target for Amazon from $ 2,400 to $ 2,500, which would represent a 35% gain for the e-commerce giant based on a trading level of about $ 1,845 on Tuesday. The company is optimistic about the AWS segment and sees its turnover increase by 31% between 2019 and 2024.