Amazon stock (NASDAQ: AMZN) is trading at $243 and remained flat on Wednesday amid escalating tensions between the US and Iran. The Dow Jones Industrial Average crashed nearly 600 points, while Asian markets plummeted by over 1,600 points. The bloodbath was evident, as both countries launched missiles, leading to further aggression and escalating tensions. On the heels of the rising conflict, global investment bank Goldman Sachs maintained their buy call on Amazon stock and increased their price target for AMZN.

What is Amazon Stock Price Target? Goldman Sachs New Forecast on AMZN

Eric Sheridan, Goldman Sachs’ Head of Technology Equity Research, increased his price prediction for Amazon stock from $325 to $335. The analyst hiked AMZN’s forecast by $10, indicating a further bullish stance on the e-commerce giant. That’s an uptick and return on investment (ROI) of approximately 38% from its current price of $243. Therefore, an investment of $1,000 could turn into $1,380 if the price prediction turns out to be accurate.

The analyst boasts of a 4.3-star rating with a success rate of 52.3%. His early 2026 predictions for Amazon stock have mostly turned out to be accurate, as the markets rebounded in value. He is now projecting that AMZN will climb above $300 and touch a high of $335 next. This makes the e-commerce and tech titan a must-watch equity, as the upside potential is immense. Taking an entry position at these levels, or buying the dip, could prove to be beneficial for traders.

Amazon stock has remained range-bound since June and has dipped 0.23% in a month. The price stagnation is testing the patience of investors, as other equities like Micron and SanDisk are soaring. However, AMZN is a long-term holding, and waiting for the next five to 10 years can generate phenomenal gains. The AI sector would also spread its wings and enter the mainstream arena. The company plays a bigger role in building the infrastructure and has billions in revenue to make.