AMZN earns a BUY rating with a $343 price target as AWS grows 37%, which represents its fastest pace in 18 quarters. Microsoft's Azure grew 43% with a $678 billion backlog, while Alphabet posted 82% Google Cloud growth, making AMZN look reasonably priced. Andy Jassy frames Amazon's $200 billion 2026 capex as a timing mismatch, with data centers built two years before revenue materializes.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Amazon (NASDAQ:AMZN) briefly crossed the $3 trillion market cap threshold in early August. The question is whether the stock has more room to run or whether the milestone marked a near-term ceiling. There is still meaningful upside from here, and the 24/7 Wall St. price target reflects that.
The 24/7 Wall St. price target for Amazon is $342.78 over the next 12 months, implying 30.51% upside from the current $262.65. Our recommendation is buy, with a 90% confidence level. Amazon is up 13.79% year to date and 13.71% over the past year, but shares pulled back 4.31% after briefly clearing the $3 trillion mark on August 3.
The stock sits 14% below its 52-week high of $287.20, and news that Jeff Bezos sold roughly $4 billion in shares around the milestone added to short-term pressure. Fundamentals are accelerating. Q2 FY26 revenue reached $200.61 billion, up 19.62% year over year.
AWS grew 36.7%, the fastest pace in 18 quarters, on a $169 billion annualized run rate and a $496 billion backlog. CEO Andy Jassy said AWS could ultimately be a "trillion dollar annual revenue business" over time. SoFi Active Invest is offering a limited-time promotion.
Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. Our bull case points to $394.04, a 50% one-year return.
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