AWS is growing faster and minting higher margins than almost any business Amazon has ever built, yet the stock sits well below what that trajectory implies. Here is why the gap between today’s price and where this goes next may…
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Amazon (NASDAQ:AMZN | AMZN Price Prediction) is heading into a period where its highest-margin business is also its fastest-growing one. Our 24/7 Wall St. price target for Amazon is $327.14. That means 30.92% upside from the model’s reference price of $249.87, and the model rates the stock a buy.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $249.87 |
| 24/7 Wall St. Price Target | $327.14 |
| Upside/Downside | 30.92% |
| Recommendation | BUY |
| Confidence Level | 70% |
AWS grew 37% last quarter at a 39.4% operating margin. That profit engine is the core of our thesis.
