Goldman Sachs raised its price target on Amazon.com (AMZN) - Get Amazon.com, Inc. Report to $1,100 from $1,000 on Monday morning, as the firm is expecting the eCommerce giant's revenue to grow faster than the consensus is expecting.
"We raise out 2017-19 revenue/EBITDA estimates 1% each on average to reflect continued accrual of share gains against the backdrop of accelerating shift to e-commerce domestically and internationally," Goldman Sachs said in a note, Barron's reports.
Shares of Amazon were up by 1.01% to $907.59 on Monday morning.
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