Amazon Holds at $270.64 as Citizens Sets $315 AWS Target

Amazon shares closed at $270.64 on May 29 after a 1.3% decline, supported by Q1 results showing AWS surging 28% to $37.59 billion—the fastest pace in 15 quarters. Fresh analyst support arrived on June 1 with Citizens reiterating Market Outperform and a $315 target, while Wolfe Research and UBS maintained Outperform ratings at $320 and $333. Institutional buying by billionaires, a £15 billion UK investment, and $200 billion 2026 capex plans underscore continued momentum toward the $3 trillion market-cap threshold near $280 despite heavy spending.