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Wall Street believes Amazon has a $160 billion business sitting under its roof

Eugene KimNov 4, 2015, 07:09 IST

PHILIPPE LOPEZ/AFP/Getty Images

Amazon's cloud computing business is growing fast, and by some estimates, it could be worth well-over $160 billion if it was a standalone business.

According to a note by Deutsche Bank on Tuesday, Amazon Web Services is forecast to book $16 billion in revenue by 2017, and based on a 10x multiple, it would get a valuation of roughly $160 billion.

"We conclude that a 2017 revenue multiple of 10x seems fair for AWS, which given our 2017 AWS revenue estimate of $16 billion implies a valuation of $160 billion," the note said.

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