AMZN Price Prediction: Whales Signal Bullish Setup Ahead of October Earnings
Amazon's (AMZN) stock price is coiling at $260.76 as whales are positioned 61.4% long and Wall Street analysts have a consensus mean target of $323.
The company's recent Q2 earnings report showed exceptional results, with revenue growing by 19.6% year-over-year and AWS growth accelerating to 36.7% for its fifth straight quarter.
Amazon's AI buildout is no longer speculative, with a $220 billion capital expenditure commitment for 2026 alone and a $496 billion backlog growing triple digits.
Whales' long positioning and analyst consensus support the bull case, which has a 70% probability near-term. The path of least resistance is a grind toward $264.49-$267.80 over the next two to three weeks as institutional positioning continues to build ahead of the October 22nd-29th Q3 earnings date.