Amazon Stock Price Predicted to Reach $347
Amazon's stock price has been steadily increasing, but analysts at 24/7 Wall St. believe it has room to grow even further.
Their $347 price target is 38% above Amazon's current price of $252.40, driven by the rapid growth of its cloud computing division, AWS.
Amazon's forward P/E ratio of 20 is lower than that of Microsoft and Alphabet, despite posting comparable or faster revenue growth.
AWS grew 36.7% in Q2 FY2026, its fastest expansion in 18 quarters, with a backlog of $496 billion and potential for further growth.