Citizens Reaffirms Market Outperform Rating for Amazon with $315 Target

Citizens Financial Group has reaffirmed its Market Outperform rating for Amazon.com Inc. () with a price target of $315.00 per share.

The firm's valuation is based on approximately 29 times Amazon's estimated GAAP earnings per share in 2027, which it projects to be $10.99.

Citizens also estimates that Amazon will generate EBITDA of $262 billion in the same year.

At its current price, Amazon shares trade at 23.8 times the firm's 2027 GAAP EPS estimate and 10.9 times the 2027 EBITDA projection.

The company currently trades at a P/E ratio of 20.92 and delivered diluted earnings of $12.44 per share over the last twelve months, according to InvestingPro analysis.