Goldman Sachs Suggests Buying Calls on AMZN

Goldman Sachs is out with a research note this morning, where it suggests traders buy calls on Amazon.com, Inc. AMZN prior to earnings. Goldman Sachs internet analyst, James Mitchell, rates AMZN shares as a Buy and sees 14% upside to his 6-month price target of $200. He expects AMZN to report numbers even better than his above-consensus estimates. The analysts suggest buying the March $180.00 call for $8.50. Amazon.com, Inc. offers services to consumers, sellers, and developers through its retail Websites. It also manufactures and sells the Kindle e-reader.