AWS just delivered its fastest growth in years, but Amazon shares are sliding ahead of a make-or-break earnings report. What the next quarter reveals about cloud momentum could determine whether this stock surges past $300 or stalls out entirely.
The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $328.35 over the next 12 months. That sits roughly 31.7% above the current $249.39. We rate the stock a buy with 70% confidence, which reflects solid but measured conviction.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $249.39 |
| Price Target from 24/7 Wall St. | $328.35 |
| Upside/Downside | 31.7% |
| Recommendation | BUY |
| Confidence Level | 70% |
Amazon is expected to report third-quarter results on October 29, and the stock heads into that report with AWS…