Amazon (AMZN) stock has risen 12.6% over the past week, 17.6% over the past month, and 38.7% over the past year. Wall Street’s analysts are strongly bullish, forecasting further gains over the next twelve months with an average price target of $284.65 versus a last close of $249.02.
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Trade AMZN with leverageTwo prominent analysts reiterated Buy ratings on Amazon this week, underscoring the positive sentiment. Ronald Josey of Citi and Eric Sheridan of Goldman Sachs both see meaningful upside from current levels, with price targets of $285 and $275 respectively, reflecting confidence in Amazon’s growth engines and new strategic moves.
Ronald Josey (Citi) reiterated his Buy rating on 4/14/2026 with a $285 price target, implying notable upside from today’s price. He highlights Amazon’s announced $11.6 billion acquisition of Globalstar, which he believes can significantly accelerate the launch and capabilities of Amazon’s low‑Earth‑orbit satellite service Leo, including direct‑to‑device connectivity.
Josey notes that Globalstar’s 241 satellites in orbit and valuable L‑ and S‑band spectrum, plus 2.4 GHz Band 53/n53, give Amazon a faster path to market in satellite connectivity. He adds that Leo’s benefits should increasingly support AWS and core retail operations, especially as competition is limited, while AWS revenue growth, strong retail performance in essentials, and improving profitability back his bullish stance.
Eric Sheridan (Goldman Sachs), ranked 4,242 out of 12,125 with a 46.11% success rate and 2.00% average return per rating, reiterated his Buy on 4/14/2026 with a $275 price target. He focuses on upcoming earnings, pointing to rising confidence in sustained or accelerating AWS growth, manageable energy‑price headwinds, progress toward Leo commercialization, and strong advertising tailwinds. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.