Price Prediction: Amazon Stock Will End The Year at This Price

By Vandita Jadeja Published Jul 10, 1:30PM EDT

Quick Read

Our $324 price target on AMZN implies 31% upside, supported by AWS growing at its fastest pace in 15 quarters.
AWS backlog hit $364 billion while Trainium commitments topped $225 billion, excluding a separate $100 billion Anthropic deal.
Free cash flow collapsed 95% as Q1 capex hit $44 billion, with 2026 spending tracking near $200 billion.
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Price Prediction: Amazon Stock Will End The Year at This Price — © jetcityimage / iStock Editorial via Getty Images

Our Amazon (NASDAQ:AMZN | AMZN Price Prediction) call is straightforward: the stock has room to run into year-end. AMZN currently trades at $245.98, sitting 12% below its 52-week high despite AWS growth reaccelerating to its fastest pace in 15 quarters.

The 24/7 Wall St. price target for Amazon is $324.34, implying 31.86% upside over the next 12 months. Our recommendation is buy at a 90% confidence level.

24/7 Wall St. Price Target Summary

Metric	Value
Current Price	$245.98
24/7 Wall St. Price Target	$324.34
Upside	31.86%
Recommendation	BUY
Confidence Level	90%

A Quiet Consolidation After a Blowout Earnings Report

AMZN is up 6.57% year to date and 3.21% over the past week, but essentially flat over the past month. Shares initially rallied 4.4% after Q1 2026 earnings on April 29, then gave those gains back as retail investors on r/stocks worried about hyperscaler “overinvestment in data centres” triggering a multiyear downturn.

The Q1 report was excellent. Revenue hit $181.52 billion, up 16.61% year over year, with EPS of $2.78 versus the $1.653 consensus. AWS grew 28% to a $150 billion annualized run rate, and the chips business (Trainium, Graviton, Nitro) cleared a $20 billion revenue run rate with triple-digit growth.

Why Bulls See a Breakout Ahead

The bull case rests on AWS AI monetization scaling faster than the capex line. AWS backlog reached $364 billion in Q1, and that excludes the recent $100 billion+ Anthropic deal. Total Trainium revenue commitments now exceed $225 billion, with OpenAI committing to 2 GW of capacity starting 2027. CEO Andy Jassy called this “truly a once-in-a-lifetime opportunity.”

Layer on Amazon Leo (satellite deals with Apple, Delta, Vodafone), Zoox robotaxis, and Rufus AI shopping driving 115% MAU growth, and the sum-of-parts stretches further. Under our bull scenario, AMZN reaches $372.05 over 12 months.

The Risks Worth Watching

Free cash flow TTM collapsed 95% to $1.2 billion as Q1 capex hit $44.2 billion, and 2026 capex is tracking near $200 billion. Long-term debt climbed to $119.1 billion from $65.6 billion. Bulls would counter that these are 30-year data center assets funded ahead of contracted revenue, with Trainium2 nearly sold out. Still, our bear scenario sees AMZN at $279.96 if AI ROIC disappoints.

Amazon Price Prediction 2026-2030

The 24/7 Wall St. price target of $324.34 reflects 90% confidence in a buy rating. The tipping factor is AWS accelerating on a $150B base while chip commitments compound. The setup favors investors comfortable with capex-driven FCF volatility through 2027, and looks less attractive for those needing dividend income or expecting a broad AI capex reset.

Year	24/7 Wall St. Price Target
2026	$324.34
2027	$378
2028	$435
2029	$487
2030	$541.42

These projections assume Amazon executes on its AI infrastructure buildout and monetizes the AWS backlog on schedule. Significant upside could come from Amazon Leo scaling faster than modeled, while a hard AI capex retrenchment is the primary downside risk.

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About the Author Vandita Jadeja →

Vandita Jadeja is a financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis. She has contributed to several publications, including the Joy Wallet, Benzinga, The Motley Fool and InvestorPlace.