Wolfe Research Lifts Amazon Price Target to $320 Amid AI-Driven Growth

Amazon's stock has received a boost as Wolfe Research raised its price target to $320 from $315, indicating nearly 26% upside based on Tuesday's closing price. The firm is bullish on Amazon's AI-driven growth, citing strong demand for generative AI services and the company's expanding artificial intelligence offerings.

Wolfe forecasts that Amazon Bedrock's margins will exceed 50% in 2027 as elevated demand for AI services bolsters profit contribution from AWS. Analyst Shweta Khajuria says Amazon remains well-positioned as a hyperscaler, with Bedrock seen as a key driver even if the market shifts toward open-weight models.

The firm points to investment in retail supply chain management and continued e-commerce share gains driven by faster delivery speeds as supporting the stock. Wolfe's stance matches wider Wall Street sentiment, with 62 of 66 analysts rating Amazon a buy or strong buy.