Quick Read – Amazon’s AWS hit its fastest growth in 15 quarters at 28%, anchoring a $321.66 price target that implies 30% upside for AMZN. – Azure grew 40% and Google Cloud surged 63% in Q1, yet Amazon’s forward P/E of 29 stays in line with both MSFT and GOOGL peers. – Andy…
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Amazon (NASDAQ: AMZN) posted its fastest AWS growth in 15 quarters while committing to $200 billion in 2026 AI capex. That combination sits at the heart of my price target. Our 24/7 Wall St. price target for Amazon is $321.66, implying 30.1% upside from the current $247.23.
The model output carries a 90% confidence level, supported by AWS reacceleration, custom silicon monetization, and a valuation that has not caught up to earnings. 24/7 Wall St. Price Target Summary AWS Reacceleration Is Rewriting the Narrative Amazon shares are up 7.11% year to date and 10.43% over one year, sitting 13% below the $278.56 52-week high. Q1 2026 was the inflection.