- As of October 8, 2026, 58 analysts cover Amazon with zero Sell ratings and a consensus price target of $330.59, about 29% above the $255.40 share price.
- AWS grew 37% to $42.23 billion in Q2 and holds a $496 billion backlog, which analysts cite as the core of the bullish case.
- Tigress Financial raised its Amazon price target to $385 from an undisclosed prior level and maintained a Buy rating, citing AWS and AI as the company's most powerful growth engine.
- Yorkville Ives initiated Amazon at Outperform with a $300 price target, citing AWS and its Anthropic partnership as a pivotal enterprise AI infrastructure layer.
- Q2 capital expenditures reached $54.2 billion and trailing free cash flow turned negative at -$7.6 billion, which bulls treat as strategic AI investment.
- Amazon trades at a lower EV/EBITDA multiple than Microsoft and Alphabet, which supporters cite as an added source of appeal.
Quotes
“a trillion-dollar annual revenue business”