Amazon Stock Price Predicted to Double by 2030

Amazon's stock price is expected to double by 2030, according to recent forecasts. A $25,000 investment in Amazon today could turn into approximately $50,000 by then, based on a compound annual growth rate of around 20%.

The main driver behind this prediction is AWS, which saw revenue rise 37% year-over-year in Q2 2026 to $42 billion. The company's custom chips, Trainium and Graviton, are also generating significant revenue, growing at triple-digit rates.

Amazon CEO Andy Jassy has stated that he believes AWS could become a trillion-dollar annual revenue business, with accompanying free cash flow and return on invested capital. Analysts model this growth to continue for several years, with AWS and advertising doing most of the heavy lifting.