Bank Of America Sets Amazon Stock Price Target (AMZN)

Bank of America has set Amazon stock (NASDAQ: AMZN) price target for 2026. AMZN entered the year on the front foot, rising close to 4.5% in a week. It rose more than 10 points in the last seven days and is among the top-performing assets this year. Several Wall Street analysts are bullish on AMZN, giving the equity a buy rating.

Amazon stock is among the most talked-about equities as the firm is investing billions in the AI sector, and Bank of America remains bullish on its prospects. The tech giant announced to invest $10 billion in OpenAI’s ChatGPT and also $35 billion to build an AI hyperscale data center in India. They plan to create 1 million jobs by 2030 and are aggressive in advancing the next-generation technology.

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