Bank of America Securities analyst Justin Post has once again reiterated Amazon’s stock (NASDAQ: AMZN) price target on Tuesday (July 7, 2026). He predicted that the e-commerce giant will reach a high of $310. AMZN is currently trading at $245 and has remained range-bound for close to a month. The analyst predicts a profit of $65 per share if traders take an entry position into the equity today. The forecast comes at a time when there is increased scrutiny on the AI capex.

That’s an uptick and return on investment (ROI) of approximately 26% from its current price. Therefore, an investment of $1,000 could turn into $1,260 if the price reaches the mentioned target. That’s double-digit gains if the Bank of America Securities forecast turns out to be accurate. Justin Post is a five-star analyst with a success rate of 64.4%. The average returns traders earned through his calls are 21.3%.

The analyst estimates Amazon stock to reach the price target of $310 by July 2027. That’s a profit of 26% in the next 12 months, and Bank of America Securities is confident AMZN will reach there. Amazon has not climbed above the $300 level in over a year and has only been trading between the $190 and $275 level. It has attracted selling pressure when its price comes close to the $300 zone.

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Amazon Stock: What Do Other Wall Street Analysts Say?

Apart from Bank of America Securities analyst Justin Post, Monness analyst Brian White also wrote in a note to clients early this month that AMZN will climb above the $300 mark next. The financial strategist has given Amazon stock a price target of $315. White’s estimate is $5 above that of Post’s target. Both Wall Street analysts are confident that AMZN will break its one-year cycle of trading below the $300 mark.