- The shares of Amazon.com, Inc. (NASDAQ: AMZN) have received a price target of $4,250 by Goldman Sachs. These are the details.
The shares of Amazon.com, Inc. (NASDAQ: AMZN) have received a price target of $4,250 by Goldman Sachs. And Goldman Sachs analyst Eric Sheridan had initiated coverage of Amazon.com with a “Buy” rating.
Sheridan had initiated coverage of the U.S. Internet sector with a selectively positive view. And Sheridan believes that the industry still has ample opportunities for secular revenue growth and increased operating efficiencies on the back of building scale in the coming years.
Going forward, Sheridan sees Amazon as a core long-term holding for Internet investors. And Sheridan believes that the company has exposure to multiple long-term runways that can sustain more than 15% growth while also producing margin expansion for the long run.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.