From 24/7 Wall St. · Vandita Jadeja · · 50s
Amazon Stock Could Climb Higher as AWS Becomes an Even Bigger Growth Engine
Amazon stock targets $378 as AWS growth accelerates.
In brief
Amazon stock targets $378 as AWS growth accelerates. Amazon stock could rise to $378 if AWS continues growing at 37% annually. Originally reported by 24/7 Wall St..
AWS Growth Accelerates
AWS revenue grew 37% last quarter, the fastest rate in 18 quarters.
“Revenue there grew 37% last quarter, the fastest rate in 18 quarters”
Amazon Stock Price Target
24/7 Wall St. price target for Amazon is $329.06, 31.62% above current price.
“The 24/7 Wall St. price target for Amazon ( NASDAQ:AMZN | AMZN Price Prediction ) is $329.06”
Capital Spending Plan
Amazon plans $200 billion of capital spending in 2026.
“Amazon plans about $200 billion of capital spending in 2026”
Free Cash Flow Concerns
Trailing free cash flow turned negative at -$7.6 billion.
“trailing free cash flow has turned negative at -$7.6 billion”
AWS Revenue Backlog
AWS backlog reached $496 billion.
“the backlog reached $496 billion”
Analyst Ratings
16 analysts rate AWS Strong Buy, 43 give it a Buy.
“Analysts agree: 16 rate it Strong Buy, 43 give it a Buy and none call it a Sell”
Price Target Projection
Amazon stock could reach $378.24 if AWS growth continues.
“Our bull case reaches $378.24”
Here's the gist
Amazon stock could rise to $378 if AWS continues growing at 37% annually.
