Goldman Sachs’ blunt words for Amazon stock investors after big deal

Goldman Sachs reiterated a buy on Amazon (AMZN.OQ) after the company agreed to acquire satellite operator Globalstar, framing the deal as a strategic acceleration of Amazon’s Project Leo and a competitive warning to rivals. Goldman kept a $275 12‑month price target (about 10.4% above the $249.02 share price cited), highlighting the deal’s access to spectrum, D2D capability and a deeper partnership with Apple that could commercialize satellite-based connectivity and bolster AWS integrations. Risks include slow satellite launch cadence (243 of 3,236 launched), a pricey valuation for Globalstar and elevated 2026 capex plans. Wall Street consensus remains generally bullish (average target ~$281, range $175–$360), and Amazon’s recent momentum—16.4% one‑month gain—supports the positive outlook, though execution and regulatory/financial risks temper near‑term certainty.