Amazon Stock Forecast: Why Top Analysts Say AMZN Could Jump 30%+ in 2026

Amazon (AMZN) stock has been volatile in recent weeks as investors weigh AI spending and cloud growth trends. Even with that caution, shares are up 3.5% so far this year, and Wall Street's top analysts remain bullish on Amazon's longer-term outlook. They point to rising AI demand and improving momentum at AWS, and expect about 31% upside in AMZN stock over the next twelve months.Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential On TipRanks, AMZN stock commands a Strong Buy consensus rating based on unanimous 42 Buys from top analysts. Also, the average Amazon price target of $297.26 signals strong upside from today's $227 level. Let's briefly see what some of the top analysts say about Amazon. BMO Expects AWS Growth to Reaccelerate Top BMO analyst Brian Pitz lifted his price target on Amazon to $304 from $300 and kept an Outperform rating on the stock, stating that Amazon remains a "Top Pick." The five-star analyst said new checks pointed to faster growth at Amazon Web Services (AWS), especially from large enterprise customers. He highlighted the role of AI agents, which he believes are adding incremental cloud demand rather than replacing existing workloads. Looking ahead, Pitz expects enterprise AI applications to scale meaningfully in 2027, setting up another growth phase for AWS. Pitz ranks #326 on TipRanks out of 10,182 analysts tracked. He boasts a 65% success rate and 15.90% average return per rating. OpenAI Talks Strengthen Amazon's AI Strategy Top BofA analyst Justin Post reiterated a Buy rating on Amazon with a $303 price target. He pointed to reports that Amazon is in talks to invest more than $10 billion in OpenAI. The five-star analyst believes the move could deepen AI ties, shift more AI workloads to AWS, and highlight the strength of Amazon's Trainium chips. While OpenAI's most advanced models are unlikely to run on AWS due to its ties with Microsoft (MSFT), Post still sees meaningful upside for Amazon. Post ranks #48 on TipRanks out of 10,182 analysts tracked. He boasts a 67% success rate and 24.00% average return per rating. Should You Buy Amazon Now? According to TipRanks' top analysts, Amazon stock is poised for over 30% upside over the next twelve months.