Amazon (NASDAQ: AMZN) is among the top-performing Magnificent 7 stocks in the market right now. The e-commerce giant rose nearly 22% in the last five days, signalling that a bull run is around the corner. The days of price stagnation have come to an end, and the leading equity remains on the greener side of the spectrum. Firms that are directly involved in building the AI ecosystem are seeing a surge in value in August, and Amazon stock is benefiting directly from the ordeal.

On the heels of the ongoing uptick, CMB International Securities analyst Saiyi He has briefly cut Amazon stock’s price target. The analyst cautioned that the equity’s sudden jump could lead to a course correction, as traders could be prepared for a sell-off and profit booking. Therefore, he remains cautiously bullish on AMZN, despite predicting that it could rise above $300 next. This makes the e-commerce giant a must-watch equity, as it remains at the crosshairs of a spike and dip.

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Amazon Stock Price Prediction: AMZN Target Gets Briefly Lowered

The CMB International Securities analyst Saiyi He maintained his buy rating on Amazon stock. However, in a note sent to clients on Monday (August 3, 2026), the analyst lowered AMZN price target from $305 to $301. That’s a reduction of just $4 from the previously delivered target. The sudden price spurt is what made the financial strategist rework the target on the e-commerce titan.

If Amazon stock reaches the price target of $301, it would be a profit of $17 per share. It is also a return of 6% from its current price of $284. Therefore, an investment of $1,000 may turn into $1,060 if the price prediction turns out to be accurate. While this is a decent return, AMZN could see a new round of projections after it climbs above $300. For now there is nothing to worry about, but pulling the plug above $300 could be a wise decision, as traders can make profits.