All eyes are on Amazon stock (NASDAQ: AMZN) as the earnings call is scheduled on April 29. The earnings catalyst will dictate which direction AMZN will take in May, which can make or break the equity. Wall Street consensus remains confident that the e-commerce giant will beat market expectations.
Amazon Stock: Why Is Wall Street Confident on Earnings Call?
Wall Street analysts are raising targets on Amazon stock based on the accelerated growth of Amazon Web Services (AWS). The confidence stems from Amazon reporting a $128.7 billion revenue in Q4 of 2025 from AWS. It represented a 24% year-over-year increase, making it a robust revenue stream. In addition, the recent multi-billion-dollar partnerships with Anthropic and OpenAI to fulfil the AI demand are among the catalysts that can push revenues higher.
Also Read: Amazon Stock Set to Outperform as Barclays Turns Bullish
New Price Target Ahead of the Earnings Call
Investment banking giant KeyBanc Capital Markets has given the most bullish target for Amazon stock ahead of the earnings call. The institutional fund gave AMZN a buy call with a major upward swing that can deliver double-digit profits. This makes the e-commerce giant a must-watch equity as it could kick-start a rally after the revenue call.
According to KeyBanc’s price prediction, Amazon stock could reach a high of $325. AMZN is currently trading at $255 and managed to rebound in value in April. The investment banking firm predicts that an entry position now could deliver $70 profit per share. That’s also an uptick and return on investment of nearly 28% from its current price.
Therefore, an investment of $1,000 could turn into $1,280 if the price prediction turns out to be accurate. That’s stellar growth, and only the earnings call is now standing between the bullish line. Moreover, on the downside, if Amazon fails to meet market expectations, its stock prospects are doomed. AMZN could face a beating and head back to muddy terrains.