Amazon is looking to continue its data expansion ventures into 2026, a move that could provide a spark to its AMZN stock value. AI was a big player for the e-commerce giant in 2025, with AWS getting a huge boost. Amazon committed $125 billion in capital expenditure for 2025, with the vast majority directed toward AWS infrastructure. The datacenter pipeline shows no signs of slowing, which could mean further expenditure going towards it and perhaps further gains.
In December 2025, Amazon already unveiled several promising upgrades that will be worked on in 2026. These include a $7 billion, 14-year framework agreement with Telangana, India, to expand AWS Hyderabad infrastructure, plus a $15 billion commitment for Northern Indiana facilities delivering 2.4 gigawatts of capacity. The new data centers will likely further push Amazon into the forefront of the growing AI wave.
Analysts who are conducting Amazon stock analysis emphasize that long-term growth really hinges on AWS maintaining its leadership position against Microsoft Azure and Google Cloud, while at the same time expanding profit margins through warehouse automation and other efficiency gains. The increase in AI data centers will accelerate this long-term growth for AWS, which in turn is fueling bullish price forecasts for AMZN.
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Furthermore, other factors are pushing these 2026 Amazon (AMZN) price forecasts higher besides AI. Analysts at Guggenheim have initiated coverage of Amazon (AMZN) stock, setting a $300 price target for the e-commerce giant. The firm says that “holiday brought the cheer” for Amazon, giving a solid boost to sales. Additionally, Guggenheim notes that tariffs have been manageable so far, and “most importantly and likely going unnoticed,” is the fact that the majority of the firm’s coverage actually operates at, or close to, their gross margin peaks.
At the time of writing, the current consensus among 43 analysts shows an average target of $294.71, with the highest forecast sitting at $340 and the lowest at $250. AMZN is sitting at $227 and is is trading near the top of its 52-week range and above its 200-day simple moving average. Morgan Stanley also maintains a $300 price target and has been citing automation benefits as a key driver.