The Amazon stock target for 2026 currently sits at $312, after Wells Fargo trimmed it by $1 from $313, keeping an Overweight rating on the stock. Wall Street’s average consensus for an Amazon stock price prediction in 2026 lands at around $312.66, with the range going from $230 on the low end all the way to $370. The Wells Fargo Amazon price target move is a small one in dollar terms, but the firm’s note also pointed to growing confidence in AWS as a cloud monetization story. Looking at the Amazon stock forecast for 2026 by month, July comes out as the projected peak, and things get choppier toward year-end.
Source: MarketScreener
Also Read: Is the Stock Market Open on Memorial Day? Full 2026 Trading Schedule
Amazon Stock Target 2026 Forecast, Price Prediction & Cuts
Wells Fargo Cuts The Amazon Price Target
Wells Fargo announced an Amazon price target cut, taking it from $313 down to $312, and also reaffirmed its Overweight rating. The firm’s view is that market confidence is growing in companies that monetize compute investments through their cloud units, and right now Amazon fits that description well.
AWS put up $37.587 billion in Q1 2026 revenue, a 28% jump year over year and the fastest pace of growth in 15 quarters. The operating margin held at 38%, backlog reached $364 billion, and there is also an additional $100 billion-plus Anthropic commitment not yet folded into that number. On the hardware side, Amazon’s chips business topped a $20 billion revenue run rate, growing triple digits year over year. Trainium2 is largely sold out, and Trainium3 is nearly fully subscribed at the time of writing.
CEO Andy Jassy stated:
“We have high confidence this will be monetized well, as we already have customer commitments for a substantial portion of it.”
Amazon Stock Forecast for 2026 By Month
Per the long-term forecast data, as CoinCodex reveals, the Amazon stock forecast for 2026 by month has July standing out as the strongest month, with an average of $352.24 and a high of $371.83. After that the picture softens, with November averaging $234.05 and December closing out the year at around $215.86. The full-year trading channel runs from $213.61 to $371.83, and the annualized average price comes in at $283.67, a potential 39.62% return from current levels.
| Month | Min. Price | Avg. Price | Max. Price | Change |
|---|---|---|---|---|
| May 2026 | $266.32 | $291.69 | $318.45 | +19.58% |
| Jun 2026 | $273.80 | $294.19 | $318.55 | +19.61% |
| Jul 2026 | $304.18 | $352.24 | $371.83 | +39.62% |
| Aug 2026 | $296.10 | $328.48 | $350.32 | +31.54% |
| Sep 2026 | $283.87 | $297.88 | $310.87 | +16.73% |
| Oct 2026 | $228.13 | $254.97 | $309.61 | +16.26% |
| Nov 2026 | $218.21 | $234.05 | $246.97 | -7.27% |
| Dec 2026 | $213.61 | $215.86 | $217.47 | -18.34% |
The Bear Case For Amazon Stock In 2026
The numbers are not all pointing up. Q1 capital expenditures hit $44.2 billion, and trailing twelve-month free cash flow dropped to just $1.2 billion. Retail margins also face tariff headwinds right now, and AWS has historically trailed Azure and Google Cloud in growth share. Arete Research also put out an updated Amazon stock price prediction for 2026, moving its target to $310 from $301 in mid-May while keeping a Buy rating. Across the board, the analyst consensus on the Amazon stock target for 2026 remains a Strong Buy, with a market cap near $2.79 trillion, a forward P/E of around 32x, and the stock up roughly 14% year to date.
