Citi adds Amazon to its focus list, says stock can rise 30%

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Jesse Pound@/in/jesse-pound@jesserpound
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A sign hangs from a fence at Metropolitan Park, the first phase of new construction of Amazon's HQ2 development, in Arlington, Virginia, October 13, 2021.
Kevin Lamarque | Reuters

Amazon is on solid footing and should outperform even as the outlook about the U.S. economy is increasingly cloudy, according to Citi.