Amazon Price Tagged for 38% Surge to $347.37

According to recent research by 24/7 Wall St., Amazon's current price of $252.40 is significantly undervalued, with a predicted target price of $347.37, representing a 38% increase.

The analysts point out that AWS growth has accelerated to its fastest pace in nearly five years, reaching 36.7%, and estimate AI infrastructure demand will continue to grow ahead of supply.

This optimism is based on Amazon's strong Q2 FY2026 results, which saw revenue hit $200.61 billion, up 19.6% year over year, with AWS contributing $42.2 billion, its fastest expansion in 18 quarters.

While the bear case suggests a floor of $296.08, risks include trailing 12-month free cash flow at negative $7.6 billion from capex and planned 2026 capex of $200 billion.