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Barchart
Amit Singh

Why Wall Street Thinks Amazon Stock Can Rally 40% to $370

Amazon AWS Amazon.com Inc. Anthropic

Amazon (AMZN) stock hasn’t moved much so far in 2026. Much of the hesitation surrounding the stock stems from investor concerns about the company’s significant capital expenditures, particularly its aggressive spending on artificial intelligence (AI) infrastructure and data centers. Despite these concerns, however, Wall Street remains optimistic about AMZN stock.

Analysts continue to maintain a “Strong Buy” consensus rating on Amazon. Furthermore, the highest price target for AMZN stock is $370, indicating roughly 40% potential upside from its recent May 20 closing price of $265.01. With businesses like its Amazon Web Services (AWS) cloud division, AI, and advertising firing on all cylinders, AMZN stock could surge higher.

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