Citi and Roth MKM both raised their Amazon stock price targets after the company’s latest earnings report, pushing the average 12-month target above $330. Analysts maintain a Strong Buy consensus, with 39 Buy calls and one Hold, and no Sell recommendations. The updated forecasts reflect stronger-than-expected AWS growth and rising confidence in AI-driven demand, as Amazon also raised its 2026 capital spending guidance.
Amazon’s stock price target has climbed this month following the company’s late-July earnings report. Citi analyst Ronald Josey reiterated his Buy rating and raised his target from $325 to $350. Roth MKM’s Rohit Kulkarni followed a similar path, lifting his target from $300 to $325 while keeping a Buy rating.
Kulkarni pointed to Amazon’s expanding AWS margins as a key reason behind the higher call. He also flagged rising returns from the company’s AI spending.
The broader AMZN stock Wall Street consensus aligns with these revisions. TipRanks data shows 39 Buy calls, one Hold, and no Sell recommendations, giving the stock a Strong Buy rating. The average Amazon 12-month price target now implies a rally of more than 20% from early August levels. Benchmark analyst Daniel Kurnos set the Street-high estimate at $400 on July 31.
The bullish Amazon stock prediction is largely driven by AWS, which grew faster than analysts had expected in the second quarter. Morningstar analyst Dan Romanoff noted: “AWS was strong, with growth accelerating sharply to 37% year over year”. That pace was the cloud unit’s fastest in 18 quarters.
Amazon also raised its 2026 capital spending guidance to $220 billion from $200 billion. Analysts interpret this as a sign of strong confidence in AI-driven demand for AWS.
The updated forecasts from Citi, Roth MKM, and the wider Street keep the Amazon stock price target in focus. The next round of 12-month target updates may push the average even higher.
