Bank of America Securities has gone bullish on Amazon stock (NASDAQ: AMZN) and reiterated its buy rating. According to the price prediction, the e-commerce giant could surge double-digit, generating stellar returns to investors. Buying the equity now at its low or taking an entry position during the dips could be beneficial to traders. The global investment bank says that AMZN could soon build up positive momentum in the indices.

New Price Prediction For Amazon Stock (AMZN): See Bank of America Securities’ Target

The Bank of America Securities’ analyst Justin Post, wrote in a note to clients on June 1, reiterating his buy rating on Amazon stock. The analyst wrote that AMZN could soon climb above the $300 target and reach a yearly high. In the first five months of 2026, Amazon stock has never breached the $300 level. The maximum it reached was $276 during the first week of May. Its price slid in the charts thereon and is now cooling off after its recent peak.

Justin Post now predicts that Amazon stock could reach a new high of $310. According to the price prediction, AMZN could surge by another 21%, delivering double-digit gains. Therefore, an investment of $1,000 could turn into $1,200+ if the estimate turns out to be accurate. Justin Post is a five-star-rated analyst with a success rate of approximately 62.7%.

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Why Does Bank of America Securities Expect It To Reach $310?

He reasons that Amazon managed to accelerate its AI and cloud growth without having to increase its capital expenditure budget. The e-commerce giant has not increased its capex to build its AI infrastructure, while its competitors are reopening their purses. The company announced a spending of $200 billion for its AI ventures, and has not raised it in 2026 despite stiff competition. Amazon stock remains in a consolidation phase on the charts as it dipped nearly 6% in a month. AMZN opened Wednesday’s trading bell at $256.50 after falling 1.81% the previous day.

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