Amazon Stock Set for 33% Surge Amid Accelerating Growth

Amazon's stock has been firing on all cylinders, with AWS posting its fifth straight quarter of accelerating growth. The company's advertising and AI businesses have also quietly crossed thresholds that Wall Street hasn't fully priced in yet.

The numbers signal a promising future for Amazon shares. In fact, the 24/7 Wall St. price target is $340.96 over the next 12 months, implying a 33.1% upside from today's $256.33. This recommendation is backed by high confidence and a buy call.

Amazon delivered one of its cleanest quarters in years, with AWS accelerating to 37% growth and advertising growing at a 26% pace. The AI and chips businesses have also reached a $25 billion annualized run rate each.