Citizens Reaffirms Market Outperform Rating on Amazon

Citizens analyst Andrew Boone has reaffirmed his confidence in Amazon's growth prospects, reiterating a 'Market Outperform' rating and maintaining a $315 price target. The firm currently estimates that Amazon shares trade at 23.8 times projected 2027 GAAP earnings per share of $10.99 and 10.9 times expected 2027 EBITDA of $262 billion.

The analyst's optimism is based on Amazon's best-in-class logistics operations, its differentiated retail business, and the continued strengthening of AWS in cloud computing and artificial intelligence. These factors support further upside for Amazon stock over the next 12 months, according to Citizens.

The latest call aligns with broader Wall Street sentiment towards Amazon, with a 'Strong Buy' consensus rating among analysts covering the stock. The average 12-month price target stands at $333, representing potential upside of 27.6% from current levels.