Goldman Sachs’ Top 5 Stock Picks for 2024

4. Amazon.com, Inc. (NASDAQ:AMZN)

Goldman Sachs’ Q3 2023 Investment Value: $6.3 billion

Amazon.com, Inc. (NASDAQ:AMZN) is an online retailer, cloud computing, and consumer electronics company headquartered in Seattle, Washington. Like some other big tech stocks, its shares are also rated Strong Buy on average and analysts have set an average share price target of $172.

By the end of June 2023, 278 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares. As of September 2023, Ken Fisher’s Fisher Asset Management was the firm’s largest shareholder as it owned 41 million shares which were $5.2 billion.

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