Stocks

Amazon Stock: Can It Reach $500 by 2030?

Guavy AI Editorial Team Published September 8, 2026

Instruments

AMZN

Amazon's AWS division has experienced its fastest growth in 18 quarters, yet Amazon shares have underperformed the S&P 500. The company's stock price is down 3.94% over the past week and 6.13% over the past month.

The disconnect between AWS' strong performance and Amazon's stock price can be attributed to capital expenditure (capex). In a single quarter, Amazon spent $54.208 billion and plans to spend roughly $200 billion in 2026.

Despite this high capex intensity, analysts remain bullish on Amazon's stock. The consensus target is $328.17, with an upside of 27%. Our model projects a one-year base case of $356.16, which implies a 37.77% upside.

To reach $500 per share by 2030, a gain of 93.4% would be required. This target is considered achievable if earnings per share (EPS) compound meaningfully and the market rewards AWS' earnings mix.

Amazon Stock: Can It Reach $500 by 2030?

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