Amazon Receives Market Outperform Rating with 22% Upside Potential

Citizens JMP has assigned Amazon a market outperform rating, setting a price target of $315, which suggests approximately 22% upside from Wednesday's opening price of $259. According to NS3.AI, this optimistic outlook comes in the wake of Amazon's recent clean energy initiatives in Nevada. The company has embarked on a 700 MW project and a 100 MW geothermal investment through Zanskar, reflecting its commitment to sustainable energy solutions.