Amazon.com, Inc.

(NASDAQ Global Select)
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Very Bullish +85

Amazon Stock Could Have Another Big Run Ahead. Here’s My 2027 Price Prediction

AI infrastructure Financial outlook New features AI-generated analysis

πŸ“ˆ Amazon trades near $254 with 59 bullish analyst ratings and zero sells, targeting a price of $350 by 2027.

πŸš€ AWS backlog reached a record $496 billion with triple-digit year-over-year growth and fully subscribed custom silicon capacity.

πŸ’» Custom silicon Trainium2 is fully subscribed at 1.4 million chips, with major AI clients like OpenAI committing significant capacity starting in 2027.

πŸ“Š Advertising revenue hit $19.81 billion in Q2, up 26%, contributing to a trailing base above $70 billion at high margins.

πŸ›’ Retail operating income reached $27.46 billion in Q2 as the cost curve bends and Amazon Now grows over 80% quarter-over-quarter.

πŸ“ˆ Analysts raised their 2026 EPS average from $8.68 to $12.88, with 8 upward revisions against just 1 cut in the last 30 days.

πŸ”­ Amazon has beaten EPS expectations by 60.69% in Q1 and 26.62% in Q3 FY25, suggesting strong potential to beat consensus again.

πŸ’° At current prices, AMZN trades at roughly 24x forward earnings, which would expand to 33x if shares reach the $350 target.

Bullish Signals
  • Amazon stock has a strong bullish consensus with 59 buy ratings and zero sells, indicating high investor confidence in its near-term prospects.
  • AWS is booming with a record backlog of $496 billion, providing a massive pipeline for future revenue growth as capacity converts.
  • Custom silicon businesses are fully subscribed, with Trainium2 at 1.4 million chips and major AI partners like OpenAI securing multi-gigawatt commitments.
  • The advertising segment is a high-margin growth engine, hitting $19.81 billion in Q2 with a trailing base exceeding $70 billion.
  • Retail operating income of $27.46 billion in Q2 demonstrates strong profitability and cost efficiency as the company scales its services business.
  • Analyst estimates for 2026 EPS have surged from $8.68 to $12.88, reflecting a significant upward revision in earnings expectations.
  • Amazon has historically delivered massive returns during AWS acceleration phases, with 50%+ annual gains recorded in 2015, 2017, 2020, and 2023.
Full Analysis
Amazon (AMZN) shares are trading near $254 with a strong bullish consensus from Wall Street, where 59 analysts rate the stock as a buy or strong buy. Analysts project a price target of $350 by 2027, representing roughly 38% upside from current levels, driven by robust growth in its core segments including AWS, advertising, and retail. The company's cloud computing division, AWS, is experiencing significant acceleration with a record backlog of $496 billion. CEO Andy Jassy highlighted that AWS is booming and could eventually reach trillion-dollar annual revenue, supported by fully subscribed custom silicon capacity like Trainium2 and upcoming launches in 2027. Beyond the cloud, Amazon's advertising business hit $19.81 billion in Q2 with a trailing base exceeding $70 billion, while retail operating income reached $27.46 billion in the same quarter. Rising analyst estimates for 2026 EPS have jumped significantly, reinforcing the credibility of the bullish outlook as the company compounds operating income at a high rate. Historical performance supports the potential for another major run-up, with Amazon delivering 50%+ annual gains in previous years during similar AWS acceleration phases. The setup combines rising earnings estimates, massive cloud backlog conversion, and strategic AI infrastructure investments to position AMZN for substantial growth into 2027.