New Street Lists $400 Amazon Target as Binance Contract Tracks Shares

New Street Research lists a $400 price target for Amazon shares, while Binance’s AMZNUSDT perpetual contract tracks the stock without giving traders ownership of it. New Street Research analyst Dan Salmon has a Buy rating and a $400 target in the firm’s Oct. 14 Amazon entry. An Oct. 1 entry listed a $385 target, putting the two figures $15 apart. The target applies to Amazon common shares, not to Binance’s futures contract. AMZNUSDT is calculated in USDT and trades 24 hours a day, seven days a week. The contract launched Feb. 9, 2026, at 9:40 a.m. ET (14:40 UTC), with maximum leverage of 10x. It is linked to Amazon common stock, but holding the contract does not confer ownership of the shares.

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