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

January 9, 2013 8:17 AM EST Send to a Friend
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Price: $312.99 -2.95%

Rating Summary:
    31 Buy, 13 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 32 | New: 6
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Goldman Sachs assumes coverage on Amazon.com (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 Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $266.38 yesterday.




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