Amazon Stock Holds Above $260 Amid Strong Earnings and Cloud Growth

Amazon's stock price has held steady above $260 as of August 17, 2026, following a strong Q2 earnings report and continued growth in its cloud business.

The company's Amazon Web Services (AWS) segment delivered sales of $42.2 billion and operating income of $16.6 billion in the quarter, with revenue growth reaching 37%, its fastest pace in 18 quarters.

Amazon's valuation is a topic of discussion among investors, with some models suggesting that the current stock price is 6.3% overvalued based on intrinsic value estimates.

Despite this, Wall Street remains bullish on Amazon, with a consensus price target of $327 per share and a broad buy recommendation.