Prediction: Amazon Is a Buy Before July 30 With 30% Upside

3 weeks ago 13

Vandita Jadeja

Mon, July 20, 2026 astatine 10:00 AM CDT 4 min read

Quick Read

Amazon's AWS deed its fastest maturation successful 15 quarters astatine 28%, anchoring a $321.66 terms people that implies 30% upside for AMZN.
Azure grew 40% and Google Cloud surged 63% successful Q1, yet Amazon's guardant P/E of 29 stays successful enactment with some MSFT and GOOGL peers.
Andy Jassy says Trainium volition prevention Amazon tens of billions successful yearly CapEx portion adding hundreds of ground points successful operating margin.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Amazon didn't marque the cut. Grab the names FREE today.

Amazon (NASDAQ: AMZN) posted its fastest AWS maturation successful 15 quarters portion committing to $200 cardinal successful 2026 AI capex. That operation sits astatine the bosom of my terms target.

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Our 24/7 Wall St. terms people for Amazon is $321.66, implying 30.1% upside from the existent $247.23. The exemplary output carries a 90% assurance level, supported by AWS reacceleration, customized silicon monetization, and a valuation that has not caught up to earnings.

24/7 Wall St. Price Target Summary

AWS Reacceleration Is Rewriting the Narrative

Amazon shares are up 7.11% twelvemonth to day and 10.43% implicit 1 year, sitting 13% beneath the $278.56 52-week high.

Q1 2026 was the inflection. AWS gross reached $37.6 billion, up 28% twelvemonth implicit year, the fastest maturation successful 15 quarters. EPS of $2.78 bushed the $1.73 estimate, and full gross of $181.52 cardinal grew 16.6%.

Q1 nett income was inflated by a $16.8 cardinal pre-tax Anthropic gain, and trailing escaped currency travel collapsed 95% to $1.2 cardinal arsenic capex ran to $43.2 cardinal successful the 4th alone. Q2 guidance calls for gross of $194 cardinal to $199 cardinal with the adjacent study connected July 30, 2026.

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The Case for $370 and Above

Bulls spot 3 compounding catalysts. First, customized silicon: Trainium and Graviton chips tally astatine implicit $20 cardinal annually with $225 cardinal successful Trainium gross commitments, including OpenAI and a $100 billion+ Anthropic deal. CEO Andy Jassy stated that Trainium volition "save america tens of billions of dollars of CapEx each twelvemonth and supply respective 100 ground points of operating borderline advantage."

Second, Bedrock processed much tokens successful Q1 than each anterior years combined, with 170% quarter-over-quarter walk growth.

Third, Amazon LEO and Zoox correspond optionality. The bull-case 12-month people hits $369.61, a 49.5% return. Wedbush carries a $293 Outperform target.

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