FCC has approved Amazon to launch 4,500 satellites, with specific milestones to achieve by 2035, boosting the company’s satellite internet services through its Leo project. The program represents a multi-billion-dollar investment and aims to provide high-speed, low-latency internet globally. Despite a Q4 earnings miss, Amazon’s fundamentals remain strong, with net sales up 14% to $213.4 billion and EPS growing by 4.8%. Analysts rate AMZN stock as a “Strong Buy” with a mean target price of $285.94, indicating a 40% upside potential. Amazon plans a capex of $200 billion in 2026 for AI offerings, reassuring investors about its growth trajectory.

Read more at Barchart: 4,500 Reasons to Buy Amazon Stock Today