Amazon Stock Forecasted to Hit $1,000 by 2036

A forecast from CoinCodex's algorithmic model suggests Amazon stock could hit $1,000 by 2036. Currently trading at around $249.67, this prediction far exceeds Wall Street's estimates.

The average target price from the 42 analysts covering Amazon is $332.45 over the next 12 months, significantly lower than CoinCodex's forecast.

AWS revenue has seen a 37% year-over-year increase in Q2, with net sales climbing 20%. However, Amazon's long-term debt has nearly doubled to $128.9 billion in six months, and the company is guiding cash capex to around $220 billion in 2026.

In an interview, Andy Jassy stated that despite the high spending, AWS margins have continued to remain strong, with a 650 basis point year-over-year increase.