---
title: "Mark Mahaney Reiterates Buy on Amazon, Citing Strengthening Spectrum Position and Raising Price Target on Leo Connectivity Growth Prospects"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287124568.md"
description: "Evercore ISI analyst Mark Mahaney has reiterated a Buy rating on Amazon (AMZN), citing its strengthening spectrum position and growth prospects from its Leo connectivity initiative. He believes Amazon's satellite strategy will enhance its service offerings, despite near-term execution risks. Mahaney supports an Outperform rating and a higher price target. Additionally, Wells Fargo also maintains a Buy rating with a $312 price target."
datetime: "2026-05-20T21:45:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287124568.md)
  - [en](https://longbridge.com/en/news/287124568.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287124568.md)
---

# Mark Mahaney Reiterates Buy on Amazon, Citing Strengthening Spectrum Position and Raising Price Target on Leo Connectivity Growth Prospects

Evercore ISI analyst Mark Mahaney has maintained their bullish stance on AMZN stock, giving a Buy rating today.

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Mark Mahaney has given his Buy rating due to a combination of factors tied to Amazon’s expanding satellite connectivity strategy and long-term growth prospects. He sees Amazon’s Leo initiative steadily evolving into a more integrated connectivity platform, positioning the company to serve consumers, enterprises, and government clients with a broader network architecture over time.

Mahaney also highlights Amazon’s strengthening spectrum position, which he views as a critical competitive asset for future direct-to-device and satellite-mobile services. While he acknowledges launch cadence and regulatory approvals as near-term execution risks, he believes Amazon’s early moves, spectrum access, and wholesale-first go-to-market approach create a strong foundation that supports an Outperform rating and a higher target price.

In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $312.00 price target.

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