Rosenblatt Lifts Amazon Stock Target to $360.00

Rosenblatt Securities has increased its target price for Amazon.com stock to $360.00, maintaining a Buy rating.

This update comes after the company reported strong quarterly results, with revenue growing 20% year-over-year to $200.60 billion and operating income rising 43% to $27.50 billion in the second quarter of 2026.

The growth was driven by Amazon Web Services (AWS), which saw a 36.7% increase in revenue to $42.20 billion, with operating income reaching $16.60 billion.

This outperformance has led analysts to raise their valuation expectations for the company. MarketBeat reported an average target of $321.63 based on 56 Buy ratings and three Holds.