Amazon shares will soar in the next year thanks to its rapid pace of innovation and increased price flexibility, according to Goldman Sachs.
Goldman expects big things from the e-commerce giant at its annual re:Invent conference this week, where analyst Heath Terry sees a number of product announcements. Terry reiterated his buy rating and increased his price target on Amazon to $1,450 from $1,300, implying 21 percent upside from Monday’s close.
