Amazon (AMZN) stock has risen 4.2% over the past week, 18.4% over the past month, and an impressive 44.0% over the past year. Wall Street’s analysts are strongly bullish, forecasting further gains over the next twelve months with a consensus price target of $284.76, implying meaningful upside from the last closing price of $248.50.
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New trading tool for AMZN bullsAmong the key voices, John Blackledge of Cowen reiterated his Buy rating on AMZN on 4/16/2026 and maintained a price target of $300, suggesting notable upside from current levels. His view aligns with the overall StrongBuy consensus and reflects growing confidence that Amazon’s core businesses are set to outpace market expectations in the coming quarters.
Blackledge expects Amazon’s first quarter 2026 revenue to come in slightly above Wall Street forecasts, driven by accelerating growth in Amazon Web Services and high-margin advertising. He also projects operating income about 4% above consensus, helped by continued gains in fulfillment efficiency, which could further support profitability as e-commerce volumes remain solid.
Looking ahead to the second quarter of 2026, the analyst’s estimates are 1.5% above consensus for revenue and 5% above for operating income, pointing to ongoing strength in AWS, e-commerce, and ads. He notes that AMZN has recently been beating the high end of its own guidance ranges, reinforcing the case that management may again deliver results at or above the top of expectations.
A major part of the bullish thesis is AWS, where Blackledge sees first quarter 2026 revenue growth accelerating to 24.9% year over year, helped by surging demand for generative AI workloads. His research highlights that AWS AI revenue is already running ahead of prior forecasts, suggesting upside to full-year 2026 growth. This N-star analyst ranks 801 out of 12,155 on TipRanks, with a 54.56% success rate and a 10.5% average return per rating.
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