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Home US News US Business

Goldman becomes the biggest Amazon bull on the Street

Loud Silence Staff by Loud Silence Staff
April 23, 2020
in US Business
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Amazon CEO Jeff Bezos on October 02, 2019.

Elif Ozturk | Anadolu Agency | Getty Images

(This story is for CNBC Pro subscribers only).

Amazon has been one of the best-performing stocks this year, and increased demand for all of its major businesses means the stock has more room to run, Goldman Sachs said in a new note. 

With the tech giant’s earnings report a week away, Goldman analysts doubled down on their buy rating and raised their price target for the stock to the highest among major firms. 

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This content first appear on cnbc

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