Goldman Sachs Assumes Coverage on (AMZN) at Buy, Sees 18% Upside

January 9, 2013 8:17 AM EST
Get Alerts AMZN Hot Sheet
Price: $807.37 -0.29%

Rating Summary:
    45 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Goldman Sachs assumes coverage on (NASDAQ: AMZN) with a Buy rating and $315 price target, suggesting 18% upside.

New analyst Heath Terry said, "ecommerce growth, driven by shrinking traditional retail footprints and favorable consumer demographics, and AMZN’s share of it, should continue to exceed expectations." He forecasts revenue growth 5.4% above consensus and EBITDA 18.7% above, on average, over the next 3 years.

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $266.38 yesterday.

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