The Amazon stock price prediction for 2026 through 2028 puts AMZN on a path from its current $238 level toward a range of $260 to $330 by year-end 2026, rising further to somewhere between $300 and $370 in 2027, and potentially crossing $400 by 2028. AMZN closed at $238 on June 10, 2026, well below its 52-week high of $278.56, and at the time of writing, 66 analysts polled by S&P Global carry a “Strong Buy” consensus on the stock. The average Amazon stock price target right now sits at $312.79. The primary forces behind this outlook are re-accelerating AWS revenue, a $200 billion AI infrastructure investment, and also a growing advertising and subscription business that pulls overall margins higher. The AMZN stock prediction for 2026 from Wall Street ranges from a conservative $262.90 on the low end to $330 if earnings-per-share performance comes in ahead of estimates.

Amazon Stock Price Target And AMZN Stock Prediction Outlook

What Wall Street Analysts Are Saying Right Now

The Amazon stock price prediction from the sell side is, broadly, very constructive. Truist Securities raised its target to $320 on May 29, 2026. Mizuho holds the highest active target at $325, and Benchmark pushed all the way to $370 back in April. The 12-month consensus across sources lands between $312 and $319. Evercore ISI’s Mark Mahaney, who named AMZN his top large-cap pick for the year and also cited 27% AWS growth in 2026 as a key catalyst, had this to say:

Evercore ISI analyst Mark Mahaney said:

“At the end of the day, AMZN remains a high-quality compounder (25% EPS CAGR), with solid double-digit revenue growth, expanding operating margins, and free cash flow likely to inflect up materially in a 24-month timeframe.”

Morgan Stanley analysts also weighed in on the AMZN stock prediction 2026 in a review of Amazon’s capex plans and data center buildout. The firm set a base case of $300 and a bull case of $350, and stated:

“More conviction that AWS growth has the potential to accelerate to 20%+ in ’26 — ahead of our base model and key driver of AMZN’s multiple.”

Also Read: When Will Amazon Hit $400? The AI Supercycle Holds the Answer

Amazon Stock Prediction 2027 And 2028: The Longer Road

LongForecast’s monthly model shows Amazon stock recovering through most of 2027, with a December close projected at $333, a near 40% gain from where AMZN trades right now. By April 2028, the same model sees a potential high of $449 and a close of $416. The Amazon stock prediction for 2027 from the broader Wall Street consensus puts a floor above $300, with maximum targets at $370 if enterprise AI adoption hits full stride. The Amazon stock price prediction for 2028 from multi-year fundamental models puts $400 within reach, tied to a revenue CAGR of roughly 12% and EPS compounding somewhere in the 15% to 20% range annually.

Amazon CEO Andy Jassy reinforced this longer-term case in the company’s Q1 FY2026 earnings release:

“AWS is growing 28% (our fastest growth in 15 quarters) on a very large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Advertising grew to over $70 billion in TTM revenue, and unit growth in our Stores reached 15% (the highest since the tail end of covid lockdowns).”

Key Risks To The Amazon Stock Price Prediction

The $200 billion capex commitment is the main tension in any Amazon stock price prediction right now. That level of spending compresses free cash flow near-term, and if enterprise AI demand takes longer to monetize than Wall Street models assume, the stock will likely disappoint investors who are counting on margin expansion by 2027. Regulatory headwinds are also real.

The EU advances cloud rules that could cut AWS out of public-sector contracts, and antitrust scrutiny continues as an overhang in multiple markets. Competition from low-cost e-commerce platforms stays a drag on core retail margins, though the Amazon stock price target from most analysts already accounts for advertising and AWS absorbing much of that pressure. Executive chairman Jeff Bezos made Amazon’s direction clear in a CNBC Squawk Box interview on May 20, 2026:

“My through line for the last few years has been AI. My time at Amazon is spent on AI. My time at Prometheus is spent on AI. And my time at Blue is largely spent on AI.”