Wall Street Raises Amazon Targets After AWS Growth Reaccelerates to 37%

Earnings Impact 4
โดย 24/7 Wall St.·Read original
Summary · why it matters

Amazon's AWS cloud growth reaccelerated to 37% in the second quarter of 2026, its fastest pace in 18 quarters, prompting Wall Street analysts to raise their price targets. The company reported total revenue of $200.61 billion, up 19.6% year-over-year, and earnings per share of $5.75, which included a $53.4 billion gain from its Anthropic investment. AWS generated $42.23 billion in revenue with a 39.4% operating margin, while advertising revenue grew 26% to $19.81 billion. 24/7 Wall St. maintains a buy rating on Amazon with a $432.91 price target, implying 59.4% upside from the August 3 closing price of $271.58, and projects the stock could reach $971 by 2030 if AWS sustains its momentum and capital expenditures convert to free cash flow. The bullish case is supported by Amazon's $220 billion planned capital expenditures for 2026, which will expand capacity with Trainium chips and Graviton5 servers, though risks include negative trailing free cash flow of $7.6 billion and the possibility that AWS growth normalizes.

Impact on stocks 4

Artificial Intelligence▲ · 4 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

AWS growth reaccelerated to 37%, fastest in 18 quarters, with strong revenue and margins.

Theme Impact 5

Off-coverage companies 1

AnthropicPrivate▲ Positive
Capitalrelevance

Amazon's $53.4 billion gain from Anthropic investment highlights its value, but no direct impact on Anthropic's operations.

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