Ahead of next week’s earnings report, e-commerce giant Amazon (AMZN) is getting revised stock forecasts by Wall Street analysts. The company will share its earnings in a call on July 31 shortly before the stock market closes. Amazon has strong projections for the upcoming report, driving Wall Street analysts to hike up their forecasts for the magnificent seven stock.

On July 21, Baird analyst Colin Sebastian maintained an “Outperform” on the stock and raised the price target from $220.00 to a new target of $244.00. This would mark an upside of 6.41% from current prices, which sit at $227. The revision comes as Amazon’s AWS has become a crucial driver for the company’s revenue in 2025. The operating returns on AWS services have been higher than its seasoned e-commerce business, signaling a major perspective shift. Furthermore, investing in AI has made Amazon a valuable investment option among Wall Street investors.

Year-to-date, Amazon (AMZN) stock is only up 3.7%. The stock has struggled this year, from Trump’s tariffs to trade wars and the mass stock market meltdown. Despite the odds, its valuation holds up and remains a profit-generating equity for all time. AMZN remains the most sought-after equity in the broader US markets, and its upcoming earnings report could either prove or disprove that.

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Amazon anticipates net sales to be between $159.0 billion and $164.0 billion for Q2 2025, which represents a 7% to 11% growth compared to Q2 2024. The company also forecasts operating income to be between $13.0 billion and $17.5 billion. This is less than the Q2 2024 operating income of $14.7 billion. A successful earnings report could send AMZN shares higher, accomplishing and perhaps surpassing Baird’s Amazon stock forecast.

Per TipRanks, Amazon is eyeing a high of $305, which it expects to achieve in the next 12 months. “The average price target for Amazon is 251.44,” the analysts write. “This is based on 45 Wall Street analysts’ 12-month price targets, issued in the past 3 months. The highest analyst price target is $305.00, and the lowest forecast is $195.00. The average price target represents a 12.31% increase from the current price of $223.88. Amazon’s analyst rating consensus is a Strong Buy. This is based on the ratings of 45 Wall Street analysts.”