Amazon Stock Could Hit $350 by 2027 Amid Rapid Growth in AWS Division

Amazon's stock price has been steadily increasing this year, and analysts are predicting that it could reach $350 per share by 2027. The company's AWS division is experiencing rapid growth, with a backlog of $496 billion and a projected annual revenue of over $1 trillion.

The consensus analyst target for Amazon's stock is $329.20, but some analysts are more bullish, predicting that the stock could reach as high as $15.04 per share by 2027. To put this in perspective, Amazon's stock price has historically been volatile, with a 50%-plus annual gain in years such as 2015, 2017, and 2020.

Several factors are contributing to the predicted increase in Amazon's stock price. The company's AWS division is growing rapidly, with a backlog of $496 billion and a projected annual revenue of over $1 trillion. Additionally, Amazon's advertising business is experiencing significant growth, with ads reaching $19.81 billion in Q2.

However, there are also potential risks to consider. Amazon has a significant amount of planned capital expenditures for 2026, which could put pressure on its free cash flow. Nevertheless, the setup for a potential increase in Amazon's stock price is credible, and several analysts believe that it could reach $350 per share by 2027.