Goldman Sachs released a research report stating that Amazon (AMZN.US) exceeded the upper limit of the previously guided range slightly in the third quarter, and the GAAP revenue was higher than expected, expecting a positive response in stock price. However, the year-on-year growth rate of AWS revenue is 19%, contrasting with the potential for re-acceleration within the industry.
Goldman Sachs stated that in terms of forward guidance, the upper end of the group's fourth-quarter revenue range slightly exceeded expectations, with the midpoint of the operating revenue guidance ranging from 16 billion to 20 billion US dollars, surpassing both the bank's and market forecasts. The bank set a target price of $230 for the group and rated it as a "buy".