Is Amazon a Buy? Nearly Every Analyst Says Yes

Quick Read

• AMZN bushed Q1 EPS by 68% yet sits 12% beneath its 52-week high, giving our exemplary a BUY with 38% upside.

• Amazon's $364 cardinal AWS backlog and $225 cardinal successful Trainium commitments enactment a bull lawsuit people of $367, a 57% return.

• Even the carnivore lawsuit lands astatine $278, inactive 19% supra today's price, with 47 expert Buys and zero Sells connected record.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Amazon didn't marque the cut. Grab the names FREE today.

Amazon (NASDAQ:AMZN) conscionable delivered its fastest AWS maturation successful 15 quarters, yet shares person pulled backmost from caller highs. With expert statement overwhelmingly bullish, our proprietary exemplary offers a wide work connected whether this dip is simply a acquisition oregon a warning.

The 24/7 Wall St. Price Target for Amazon

Our 24/7 Wall St. terms people for Amazon is $321.47 implicit the adjacent 12 months, implying 38.09% upside from the caller adjacent of $232.79. The exemplary carries a 90% assurance score, and the proposal reads buy.

Amazon trades astir 12% beneath its 52-week precocious of $278.56 aft a Q1 2026 net study that bushed EPS estimates by 68.18%. Accelerating AWS growth, expanding operating margins, and a reset banal terms springiness the exemplary an unusually cleanable entry.

An Earnings Blowout the Market Hasn't Rewarded

AMZN has slipped 5.38% implicit the past week and 12.59% implicit the past month, leaving shares up 0.85% twelvemonth to day and 11.02% implicit 12 months.

The Q1 2026 merchandise connected April 29 showed beardown results: gross of $181.519 cardinal (16.61% YoY growth), EPS of $2.78 versus $1.653 expected, and operating income up 29.6% to $23.852 billion.

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AWS grew 28% to $37.587 billion, and the chips concern surpassed a $20 cardinal tally rate. The banal drifted little partially connected retail concerns that the $200 cardinal 2026 capex program volition measurement connected escaped currency flow, which fell 95% TTM to $1.2 billion.

The Case for $366 and Higher

The bull script builds connected an AWS backlog of $364 billion, which does not yet see the caller Anthropic woody of implicit $100 billion. CEO Andy Jassy noted "we present person implicit $225 cardinal successful gross commitments for Trainium", with OpenAI committing 2 GW of Trainium capableness starting 2027 and Anthropic up to 5 GW.

Operating borderline deed 13.1% successful Q1, the highest ever, and advertizing crossed $70 cardinal successful TTM revenue. Our bull lawsuit projects $366.62 wrong 12 months, a 57.49% return. Bullish expert ratings clump heavily: 47 Buys, 15 Strong Buys, and zero Sells. JP Morgan has an Overweight standing with a terms people of $330.