Is Amazon hugely undervalued? ...Middle East

As of this writing, Amazon’s share price is about $3,200, valuing the company at approximately $1.6 trillion. In fact, since the company’s IPO in 1997, only one stock has outperformed it.Still, Amazon’s shares would be worth as much as $6,000 within a year if their valuation were in line with those of its big peers in the retail and consumer staples industries, according to a recent note to clients from investment bank Morgan Stanley. It just depends which measure you choose to judge what Amazon shares should be worth.How best to gauge the right share price for Amazon has always been an open question, Brian Nowack, the Morgan Stanley analyst, said in the note. At different times, investors h

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