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UPDATE: Goldman Sachs Assumes Coverage on with Buy Rating, $315 PT

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In a report published Wednesday, Goldman Sachs Group assumed coverage on (NASDAQ: AMZN) with a Buy rating and $315.00 price target.

Goldman Sachs noted, “We are assuming coverage of Amazon from Heather Bellini with a Buy rating and $315 12-month price target. We believe ecommerce growth, driven by shrinking traditional retail footprints and favorable consumer demographics, and AMZN's share of it, should continue to exceed expectations. Based on that growth, along with margin expansion from both core and emerging businesses, we forecast revenue to grow 5.4% above consensus and EBITDA 18.7% above, on average, over the next 3 years. Macro environment, competition, & rate of investment in emerging businesses remain risks, but in our view are more than offset by what we see as the most compelling long-term growth runway in the sector.” closed on Tuesday at $266.38.

Latest Ratings for AMZN

Sep 2015RBC CapitalMaintainsOutperform
Aug 2015Raymond JamesUpgradesOutperformStrong Buy
Aug 2015Evercore ISI UpgradesHoldBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Initiation Analyst Ratings


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