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Stocks•16 April 2026•

1 min read

Citizens Reiterates $315 Amazon Target Citing Globalstar Satellite Deal

Jeff Bezos in a suit over a map of the US with logistics routes, Amazon delivery vans, boxes, a drone, and a warehouse.

Key Facts

1Citizens reiterated a $315 price target for Amazon, suggesting a potential 26.5% upside.

2The Globalstar deal accelerates Amazon's ability to offer consumer subscription services via direct-to-device satellite technology.

Analysts at Citizens have reiterated their bullish stance on Amazon (AMZN), maintaining a price target of $315 which implies a potential upside of 26.5%. This positive outlook is primarily driven by the strategic deal with Globalstar, which enhances Amazon's capabilities in direct-to-device satellite connectivity. According to the analysts, this partnership accelerates Amazon's ability to offer specialized consumer subscription services via satellite technology. The move is viewed as a strategic step to scale operational services and establish new, recurring revenue streams. While the price target remains unchanged, the reiteration underscores growing confidence in Amazon's long-term growth trajectory within the advanced telecommunications space.