2:25 PM ET, 01/04/2019 - MT Newswires
02:25 PM EST, 01/04/2019 (MT Newswires) -- Goldman Sachs (GS) on Friday cut its price target for Amazon (AMZN) to $2,000, from $2,200, based on its sum-of-the-parts implying 25x 2019E EV/EBITDA.
The new price target still represents a 33% upside from the stock's previous close of $1,500.28, consistent with the thesis that internet stocks will outperform this year.
Submitted January 06, 2019 at 06:29PM by vasquca1 http://bit.ly/2scF51b
