Amazon stock (NASDAQ: AMZN) opened Tuesday’s trading session at $278 and has been range-bound this week. It had a good run from July to August, surging close to 13% in a month. The leading e-commerce giant is looking to climb above $300, but is facing resistance in the $285 range. However, several Wall Street analysts have predicted that AMZN could close well above the $300 zone by the end of August. This makes the equity lucrative, as strategists remain bullish on its prospects.
On the heels of the recent price grind, leading global investment bank Goldman Sachs has upgraded its price target for Amazon stock. According to the price prediction, AMZN could surge by double digits and deliver robust gains to traders. Taking an entry position at the $270 zone could still be beneficial to investors. This makes the e-commerce giant a must-watch equity, as the upside potential remains immense. The tech sector is on the uptick in Q3 and has recovered from most of its losses.
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Amazon Stock Price Prediction: Goldman Sachs Upgrades AMZN Target
Eric Sheridan, the Managing Director at Goldman Sachs, wrote in a note to clients on Monday (August 10, 2026), maintaining his buy rating for Amazon stock. He urged institutional clients to begin accumulating AMZN, predicting it could rise above $300 next.
According to the latest price prediction, Amazon stock could reach a target of $375. The Goldman Sachs analyst hiked the projection from the previous $335 to $375, expressing confidence in the asset. That’s an increase of $40 from the earlier prediction, as Wall Street gears up for a bull run.
Investors can expect a profit of $97 per stock if the prediction reaches the target. It also marks an uptick and return on investment (ROI) of approximately 35% from its current price of $278. Therefore, an investment of $1,000 in Amazon stock could turn into $1,350 if the price prediction turns out to be accurate.