Goldman Sachs issued a research report saying that confidence is strengthening in sustained or accelerating AWS revenue growth of Amazon.com (AMZN.US), as well as stable margins.

Meanwhile, the broker believed that energy prices may have some impact on the Company's input costs and consumer demand, but it remains manageable within its forecasting framework.

Also, Goldman Sachs believed that the Company will benefit from a series of broader industry and budget allocation trends, which are favorable to its advertising segment.

Therefore, the broker chopped its target price from US$280 to US$275, with rating reiterated at Buy. Amazon.com remains one of the most attractive stocks in terms of medium- to long-term risk-reward among the shares under the broker's coverage.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
AMZN (C)	11070	245 (-)	0.395	5.3 X
AMZN (P)	11137	180 (-)	0.147	4.0 X