Amazon.com, Inc. (NASDAQ:AMZN) is among the most traded US stocks so far in 2026.
On May 20, Wells Fargo slightly trimmed the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $312, down from $313, and reiterated an Overweight rating
According to the firm, market confidence is strengthening in companies directly monetizing compute investments through their cloud businesses. This is supported by increasing cloud revenues, improving margins, and robust backlog growth. Earlier on May 14, TD Cowen maintained a Buy rating and a price target of $350 on Amazon.com, Inc. (NASDAQ:AMZN) after the launch of a 30-minute grocery delivery service.
From fresh groceries to household essentials, the Amazon Now service delivers a range of items in 30 minutes or less. Ken Wolter / As stated by the senior vice president, Amazon Worldwide Operations, Udit Madan, “With thousands of items available for ultra-fast delivery, you can get everything from groceries for dinner, to AirPods before a flight, to household essentials like laundry detergent or toothpaste delivered right to your door.” Overall, Amazon.com, Inc. (NASDAQ:AMZN) is a Buy among 96% of the analysts covering the stock. The one-year median price target of $319.50 reflects upside potential of approximately 19%.