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Goldman Sachs just gave Amazon its most bullish price target yet (AMZN)





Andy Jassy Amazon AWS tweet

  • Amazon Web Services is one of the internet giant’s fastest-growing business lines
  • Citing the success of AWS, Goldman Sachs has upped its price target for Amazon to $1,450 a share.

Shares of Amazon could reach $1,450 in the next 12 months, Goldman Sachs said in a note to clients Tuesday morning. It’s the highest price target on Wall Street, according to Bloomberg.

“We continue to believe Amazon’s pace of innovation, increasing pricing flexibility, and an aging corporate technology base, will drive the ongoing shift of workloads into the cloud,” analyst Heath Terry said. “We remain Buy-rated (CL) and raise read more >>>

Source:: BusinessInsider.Com

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