Although Amazon.com, Inc. (NASDAQ: Amzn) The stock has faced increasingly bearish sentiment over the past few months, and Wall Street remains bullish on the name over the next 12 months.
On June 18, Jefferies Financial Group Inc. (New York Stock Exchange symbol: Jeff) and Bank of America (NYSE: Buck) Repeat “Buy” ratings on the stock. Jefferies analyst Brent Thiel set a price target for AMZN stock at $320, which implies an upside of approximately 34% at press time.
Thiel last raised his target to $320 from $300 in early May, while maintaining a “buy” option. Meanwhile, Justin Post, an analyst at Bank of America Securities, said hiring A $310 price target for Amazon stock, implying a potential upside of roughly 29% at press time.
The $310 target falls on Prime Day, which will be moved to June of this year, from July in 2025. Post-post estimates suggest Prime Day gross merchandise value (GMV) will grow about 5% to $21.6 billion, and could add $12.4 billion in additional Q2 GMV and $8.5 billion in additional revenue.
At the time of writing, Wall Street analysts have set a high price target for AMZN stock of $370, an average target of $319.14, and a low of $250, according to Data from TipRanks.
Amazon (AMZN) stock price performance.
Year-to-date, Amazon’s stock price is up 3.84%, trading at roughly $239.69 on Thursday. As such, the company’s market capitalization reached $2.6 trillion.
Notably, the company’s stock had achieved a strong buy level at around $200 between February and April 2026. However, after rising between April and May, AMZN stock faced significant resistance at around $274, triggering an ongoing correction. As such, the stock must rise above $274 to achieve average targets set above $300 over the next 12 months.
