Amazon Stock Holds Near Support as AWS Growth Outweighs Legal Risks
Amazon.com Inc.'s stock price has held steady near support levels as the company continues to report strong growth in its core businesses, including a 19.6 percent increase in quarterly revenue and earnings per share of $5.75.
The recent Q2 2026 results have underpinned investor confidence in the e-commerce and cloud group, with 56 Buy ratings and three Hold ratings from analysts contributing to a Moderate Buy consensus and an average price target of $321.19.
Amazon Web Services (AWS) has been a key driver of growth for the company, with accelerating demand and a substantial cloud backlog that underpins future expansion.
To support AWS growth, Amazon.com Inc. has agreed to purchase up to $8 billion of backup generators from Generac, including about $2.4 billion of deliveries scheduled for 2027-2028.