Goldman becomes the biggest Amazon bull on the Street

Amazon CEO Jeff Bezos on October 02, 2019.
Elif Ozturk | Anadolu Agency | Getty Images

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Amazon has been one of the best-performing stocks this year, and increased demand for all of its major businesses means the stock has more room to run, Goldman Sachs said in a new note. 

With the tech giant's earnings report a week away, Goldman analysts doubled down on their buy rating and raised their price target for the stock to the highest among major firms.