Citizens Ups Amazon Price Target to $315 Amid Strong Buy Consensus

Citizens has reaffirmed its Market Outperform rating for Amazon.com (NASDAQ:AMZN) stock, setting a price target of $315.00. This move aligns with broader Wall Street optimism, as analysts maintain a strong buy consensus on the company.

The firm's valuation considers Amazon's logistics strength and AI model growth, supported by reports of significant revenue increases from companies like OpenAI and Anthropic.

AWS has committed to 2 million additional NVIDIA GPUs across 2027-2028, with Vera CPUs also being deployed as part of its infrastructure expansion. This demonstrates continued market demand for NVIDIA hardware despite AWS's progress with custom silicon development.