How high will Amazon stock go in 2026? Some analysts think $375 is a real possibility, and the numbers from the last quarter do give that case some weight. Amazon shares sit at around $265 at the time of writing, and a jump to $375 would mean a gain of roughly 42% from here. AWS just delivered its fastest growth in 15 quarters, earnings per share beat estimates by 61%, and the Amazon stock target from 55 analysts averages out at $315.69 right now. So is Amazon a buy or sell right now, and what would it actually take to get to $375?
Also Read: NVDA Stock Price Target: Wall Street Reacts to Earnings Report
Amazon Stock Target for 2026 and AMZN Bullish Outlook Explained
Where Analysts Place the Amazon Stock Target
Fifty-five analysts put the average Amazon stock target at $315.69, which works out to roughly 21.73% upside from the last closing price of $259.34. The range goes from a low of $230 to a high of $370, and that spread says a lot about how wide the disagreement is on Wall Street right now.
Ali Zane, personal finance expert and CEO of Imax Credit Repair, stated:
“Amazon’s shares could reach $340 to $370 by the end of 2026, with upside toward $400 if market conditions remain supportive.”
He pointed to AWS growth, expanding advertising revenue, and cost savings from automation as the main drivers of the Amazon stock bullish case.
How High Will Amazon Stock Go and What Could Get It to $375
AWS AI revenue runs at over $15 billion annually with triple-digit growth right now. Anthropic also committed over $100 billion to Amazon’s infrastructure, and the $364 billion AWS backlog keeps growing quarter after quarter. Getting from $264 to $375 requires a 42% gain and a forward P/E of about 46x, versus the current 32x. Amazon CEO Andy Jassy stated:
“We’re in the middle of some of the biggest inflections of our lifetime, we’re well positioned to lead, and I’m very optimistic about what’s ahead for our customers and Amazon.”
The Amazon stock bullish setup also has the backing of 14 Strong Buys, 48 Buys, and zero Sells among 67 analysts. Not everyone shares that view, though. CFA Michael Collins of WinCap Financial stated:
“The stock ranks poorly relative to peers in the Mag 7, with valuation stretched and capital efficiency not keeping pace. When expectations are this high, and the numbers don’t back it up, returns tend to disappoint.”
Is Amazon a Buy or Sell Right Now?
Wall Street leans firmly toward buy. How high will Amazon stock go in 2026 still comes down to whether that $200 billion capex cycle, with $43.2 billion spent in Q1 alone, starts converting into margin improvement. Free cash flow took a real hit, and Berkshire Hathaway also fully exited its Amazon position in Q1 2026.
Getting to $375 is a stretch from here, but the Amazon stock bullish case has a lot going for it. AWS momentum, a $364 billion backlog, and triple-digit AI revenue growth all point in the right direction. Whether $375 happens this year or spills into 2027 is an open question, and the Amazon stock target range from analysts reflects exactly that uncertainty.