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Goldman Sachs: Amazon could hit $1,900 this year

Published 03/20/2018, 11:51 AM
© Reuters.  Goldman Sachs: Amazon could hit $1,900 this year
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  • Goldman Sachs (NYSE:GS) says Amazon (NASDAQ:AMZN) shares could “easily” hit up to $1,900 this year, which is $75 higher than the firm’s last price target for the tech giant.
  • The higher target would represent a 23% upside to yesterday’s close.
  • Analyst Heath Terry tells CNBC that Amazon still has the potential for upsides particularly from Amazon Web Services and a continuing shift towards online retail sales.
  • Terry says the firm continues to think estimates for cloud and retail are too low.
  • Amazon shares are up 1.3% to $1,565.12.
  • Previously: Reuters: Amazon pushing merchants for cross-border sales (March 20)
  • Now read: 'Dirt Cheap' Discovery Is Poised To Outperform In The Future


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