Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Amazon.com (AMZN) to $255 from $240 and keeps a Buy rating on the shares. The company reported “solid” Q4 results with overall revenue roughly in line estimates on the back of a strong holiday commerce season and Web Services revenue growth of 19% year-over-year, the analyst tells investors in a research note. The firm says this is Amazon’s eight consecutive quarter of year-over-year margin improvement in both North America and international. However, Goldman thinks the shares “might need to digest” the 28% rally since the last earnings report “on the back of the greater level of nuance into forward operating estimates.”
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