Amazon Stock (AMZN) Gains Momentum With $370 Top Forecast

TLDR

• Amazon stock price targets now range from $230 to $370 based on 58 brokerage forecasts.
• The average target of $315.53 implies an 18.08% upside from the last close of $267.22.
• The Benchmark Company set the highest target at $370, implying a 40.08% upside.
• Out of 58 brokerages, 50 assign Strong Buy ratings, and none list a Sell rating.
• AWS reported 28% net sales growth in Q1 2026 and maintained margins above 35%.

Amazon stock ( NASDAQ: AMZN) trades near record levels as analysts lift price targets and maintain strong ratings. The highest published target now stands at $370, while the average target reaches $315.53. Brokerages project further upside as revenue growth and AWS margins support the current valuation.

Amazon.com, Inc., AMZN

Amazon Stock Ratings Cluster Near Strong Buy

Analysts tracked by Zacks and TradingView place Amazon stock targets between $230 and $370. The average target of $315.53 implies an 18.08% upside from the last close of $267.22. Meanwhile, 86.21% of brokerage recommendations list Strong Buy ratings.

Out of 58 brokerages, 50 assign Strong Buy ratings and five assign Buy ratings. No brokerage lists a Sell or Strong Sell rating at this time. The average recommendation score stands at 1.19 out of 5.

The Benchmark Company analyst Daniel L. Kurnos set the highest target at $370. He raised his forecast from $275, implying a 40.08% upside from the latest close. Cowen’s John R. Blackledge increased his target to $350 from $300 on May 12.

Exane BNP Paribas lifted its target to $345 from $320 on May 5. Jefferies, Guggenheim Securities, and DZ Bank AG each set targets at $320. Goldman Sachs, KeyBanc, and Scotiabank issued targets between $325 and $330.

AWS Growth and AI Expansion Support Valuation

AWS reported 28% net sales growth in Q1 2026, marking its strongest quarterly pace in over three years. The cloud division generates more than half of Amazon’s total operating profit. It has maintained operating margins above 35% for three consecutive years.

Amazon continues to expand its in-house AI chip portfolio for AWS customers. OpenAI is committed to roughly 2GW of Trainium capacity under long-term agreements. Anthropic plans to use up to 5GW of Trainium infrastructure.

Meta Platforms deploys tens of millions of Graviton cores for artificial intelligence workloads. These capacity commitments provide visibility into AWS demand from large technology clients. Analysts cite these contracts when adjusting forecasts for 2026.

Morningstar analyst Dan Romanoff said, “Over the long term, we expect e-commerce and international opportunities will pay off in retail.” He added, “Over the medium term, we believe the critical growth drivers will be AWS and advertising.” His comments reflect the current brokerage consensus.

Amazon’s market capitalization reached about $2.84 trillion in mid-May. The stock touched an all-time high of $278.56 on May 5. That level placed the company within 5.5% of a $3 trillion valuation.

Amazon trades at roughly 30 times forward earnings. Net sales increased 17% in Q1 2026, marking the strongest top-line growth in nearly five years. The stock has climbed 33% over the past three months.

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