We’re More Bullish on Amazon Than Wall Street Is. Here’s the Math. – AOL

Quick Read

• Our $347 price target sits 38% above Amazon’s current price, anchored by AWS growing 36.7%, which represents its fastest expansion in 18 quarters.

• Amazon’s 20x forward P/E sits below Microsoft at 25x and Alphabet at 22x, despite posting comparable or faster revenue growth than both.

Our 24/7 Wall St. price target for Amazon (NASDAQ:AMZN) sits well above where the stock trades today, and above the Wall Street consensus.

With AWS accelerating to its fastest growth in nearly five years and AI infrastructure demand running ahead of supply, we think the market is still underestimating the earnings power building inside this company.

24/7 Wall St. Price Target Summary

Our model carries a high-confidence buy on Amazon with a one-year target of $347.37. That is meaningfully above the current Wall Street consensus target of $328.17, and it reflects a view that AWS operating…