Amazon (AMZN) stock has inched up 0.7% over the past year, despite slipping 1.3% in the last week and gaining 1.0% over the past month. Wall Street’s analysts are strongly bullish, forecasting a move toward a 12‑month average price target of $282.39, well above the last closing price of $207.24.
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New trading tool for AMZN bullsThis consensus view signals confidence that Amazon shares still have meaningful room to run from current levels. The StrongBuy rating reflects expectations that Amazon’s core businesses and cloud arm AWS can convert strong demand, especially in artificial intelligence, into faster growth and higher profitability.
Analyst Ronald Josey (Citi) reiterated his Buy rating on AMZN on 3/25/2026 and raised his price target to $285, implying notable upside from today’s price. Josey sees Amazon Web Services as a key driver, projecting AWS revenue growth of 28% year over year in Q1 2026, 29% for full‑year 2026, and an acceleration to 37% in 2027.
Josey’s thesis is built on rising AI demand and deepening partnerships with Anthropic and OpenAI, which he expects to contribute heavily to AWS revenue. His analysis suggests AI workloads could account for about 58% of AWS’s incremental revenue in 2026 and roughly 72% in 2027, while non‑AI workloads continue to grow at a healthy mid‑teens pace.
The analyst also highlights Amazon’s push to scale AWS capacity, with compute potentially doubling by 2027 as the company invests more in infrastructure. While acknowledging investor concerns about AWS returns, competition, and free cash flow visibility, Josey is raising operating income projections for 2026 and 2027, arguing that accelerating revenue and improving profitability leave Amazon well positioned for long‑term investors.
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