Can Amazon Reach $300 Per Share Before Year-End 2026?

Amazon (NASDAQ:AMZN) just posted its fifth straight earnings beat, yet the stock is up just 3.35% year to date despite AWS posting its fastest growth in 15 quarters and a chips business running at a $20 billion revenue run rate. CEO Andy Jassy says Amazon is "in the middle of some of the biggest inflections" the company has seen.

Why Isn't the Stock Moving?

Despite strong performance, the market seems skeptical about Amazon's ability to sustain this growth. Some analysts cite high valuation, while others point to increasing competition in cloud computing.

Is $300 a Realistic Target?

To reach $300, the stock would need to rise about 50% from current levels. This would require robust AWS earnings growth and continued momentum in the chips business. Some analysts have price targets as high as $350, while others see $250 as the ceiling.

What to Make of This?

Amazon has strong fundamentals, but the market is waiting for evidence that growth can accelerate further. Investors should watch AWS and chips business results in coming quarters.