--- title: "Amazon (AMZN) Scores a New Street-High Price Target After Q2 Earnings Smashed Estimates" type: "News" locale: "en" url: "https://longbridge.com/en/news/294523069.md" description: "Amazon (AMZN) shares surged over 12% in premarket trading following a strong Q2 earnings report that significantly beat estimates, with adjusted EPS of $5.75 versus $1.82 expected and revenue of $200.61 billion. The positive results prompted analyst upgrades, including Benchmark Co.'s Daniel Kurnos raising his price target to a street-high $400, maintaining a Buy rating. Wall Street consensus remains Strong Buy with an average target of $333.82." datetime: "2026-07-31T13:33:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294523069.md) - [en](https://longbridge.com/en/news/294523069.md) - [zh-HK](https://longbridge.com/zh-HK/news/294523069.md) generator: "portal-rs" --- # Amazon (AMZN) Scores a New Street-High Price Target After Q2 Earnings Smashed Estimates Amazon (AMZN) stock rallied on Friday after the e-commerce and cloud company posted its Q2 earnings report. That earnings report attracted fresh analyst coverage of AMZN stock. With that coverage came several price target increases for AMZN shares, including a new Street-high price target. ### Claim 55% Off TipRanks High conviction AMZN bears now have this Tradr ETF For example, four-star Benchmark Co. analyst Daniel Kurnos increased his price target for AMZN stock from $370 to $400. This new price target represents a potential 69.85% upside for the shares and is the highest among Wall Street's analysts. The analyst also maintained a Buy rating for Amazon stock. Kurnos' view of Amazon stock was incredibly bullish after the company's Q2 earnings report. He told clients that "this might be one of the most impressive quarters in at least the last 10 years." The Benchmark Co. analyst also said that AMZN stock "remains a must-own for anyone with some semblance of duration." ## **Amazon's Q2 Earnings Results** It comes as no surprise that Amazon stock received analyst praise after the company's earnings report. It posted adjusted earnings per share of $5.75 during the quarter, which smashed Wall Street's estimate of $1.82. Additionally, Amazon's revenue of $200.61 billion came in above the average analyst estimate of $197.03 billion. ## **How Did Amazon Stock React to Q2 Earnings?** Amazon investors were incredibly pleased by the company's Q2 results, as AMZN shares soared 12.57% in premarket trading on Friday. This came after a 3.9% rally yesterday and extended a 2.03% year-to-date gain. AMZN stock trading activity this morning saw some 6 million shares change hands. This is still below the company's three-month average daily trading volume of about 52 million shares. ## **Is Amazon Stock a Buy, Sell, or Hold?** Turning to Wall Street, the analysts' consensus rating for Amazon is Strong Buy, based on 37 Buy ratings over the past three months. With that comes an average AMZN stock price target of $333.82, representing a potential 41.75% upside for the shares. These ratings and price targets will likely change as more analyst ratings roll in after the company's earnings report. (See **AMZN Stock Forecast**) ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) ## Related News & Research - [The tariff war is colliding with Amazon's plan for growth in Canada](https://longbridge.com/en/news/297014006.md) - [Amazon Stock (AMZN) Slips amid Plans to Invest $2 Billion in Latin America](https://longbridge.com/en/news/296643110.md) - [Amazon celebra 15 años en España con tres días de ofertas, cupones, tarjetas regalo y muchas más sorpresas para todos sus clientes](https://longbridge.com/en/news/297147858.md) - [Amazon Lands a Major Deal That Could Change AWS Analytics](https://longbridge.com/en/news/297080685.md) - [Key facts: Amazon (AMZN) raises AI data‑center capex; sells $25B long‑dated bonds](https://longbridge.com/en/news/296675112.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**