‘Top Pick’ Amazon Had a Dismal Year: What’s AMZN Stock’s Forecast for 2026?

With year-to-date (YTD) gains of a mere 3.6%, Amazon (AMZN) is set to underperform the S&P 500 Index ($SPX), which is on track to deliver double-digit returns for the third consecutive year. Unless we see something dramatic over the next week, Amazon will end up as the worst-performing “Magnificent 7” constituent this year.

While the coveted group did not have a roaring year with Apple (AAPL), Microsoft (MSFT), and Meta Platforms (META) underperforming the S&P 500 Index and Tesla (TSLA) only slightly nudging ahead following the recent rally, Amazon’s underperformance stands out.