Goldman Sachs just gave Amazon its most bullish price target yet AMZN

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Goldman Sachs just gave Amazon its most bullish price target yet (AMZN).


Shares of Amazon could reach $1,450 in the next 12 months, Goldman Sachs said in a note to clients Tuesday morning. It’s the highest price target on Wall Street, according to Bloomberg. 

"We continue to believe Amazon’s pace of innovation, increasing pricing flexibility, and an aging corporate technology base, will drive the ongoing shift of workloads into the cloud,” analyst Heath Terry said. “We remain Buy-rated (CL) and raise our 12-month price target to $1,450 from $1,300." 

The bank’s note comes on the first day of Amazon’s re:INVENT conference, hosted by its Web Services unit, one of its fastest-growing businesses.



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(AMZN)
Goldman Sachs just gave Amazon its most bullish price target yet (AMZN)