Analysts set Amazon stock price target for the next 12 months

Loop Capital reiterated a Buy rating on Amazon with a $360 price target, citing the company’s newly announced agreement to acquire Globalstar, a satellite operator. The note suggests the deal is viewed as strategically supportive for Amazon’s technology and connectivity ambitions. The update is constructive for AMZN, though it is primarily analyst commentary rather than a major fundamental catalyst.

Analysis

Loop Capital reiterated a Buy rating on Amazon with a $360 price target, citing the company’s newly announced agreement to acquire Globalstar, a satellite operator. The note suggests the deal is viewed as strategically supportive for Amazon’s technology and connectivity ambitions. The update is constructive for AMZN, though it is primarily analyst commentary rather than a major fundamental catalyst.