Amazon inventory 2027 forecasts from TD Cowen, KeyBanc and Truist Securities all land on $350 a share, which is about 43% above the $245.46 worth on September 29. The common Amazon inventory worth goal is decrease proper now, at round $329, and JPMorgan goes additional at $365. So, will AMZN inventory develop that a lot? The Amazon inventory 2027 bull case rests on AWS development, a $496 billion backlog and totally booked AI chips, and that blend drives essentially the most bullish Amazon inventory worth prediction for 2027.
Amazon Inventory Worth Goal, AWS Development And AI Upside In 2027
The place Amazon Shares Commerce Proper Now
Amazon shares slipped about 0.28% to $245.46 on Tuesday morning, and that leaves them round 1.7% beneath GuruFocus’s $249.70 GF Worth estimate. The dip has not moved most Amazon inventory 2027 targets.
TD Cowen raised its Amazon inventory worth goal to $350 from $340 after second-quarter income and working earnings beat estimates by 2% and 11%. KeyBanc and Truist adopted with $350 calls of their very own, so three huge corporations now share the identical Amazon inventory worth prediction for 2027.
AI Chips And The Cloud Carry The $350 Case
AWS development got here in at 36.7% within the second quarter, and Amazon’s chip and AI companies have additionally every crossed a $25 billion yearly run price.
Amazon CEO Andy Jassy had this to say on the Q2 name:
“Income development of 36.7% year-over-year, accelerating for the fifth straight quarter, our quickest development in 18 quarters again when AWS was lower than half its present income measurement. We added over $4.6 billion in income quarter-over-quarter, about 80% greater than our largest improve ever. Our backlog stands at $496 billion, rising triple digits year-over-year.”
This week, AWS additionally added OpenAI’s GPT-6 Sol and Luna and Anthropic’s Claude Opus 5.5 to Bedrock. Anthropic and OpenAI even have multi-gigawatt Trainium offers, an enormous piece of the Amazon inventory 2027 math. Advert income additionally climbed 26% to $19.8 billion, and that offers the Amazon inventory 2027 story a second engine outdoors the cloud.
What Might Gradual The Rally Earlier than 2027
A $350 share worth wants a ahead P/E of round 33x on projected earnings, and Wall Avenue’s Amazon inventory 2027 fashions use EPS estimates between $10.47 and $15.04. Spending is the most important threat to the Amazon inventory outlook proper now, as trailing free money stream has flipped to a $7.6 billion outflow. Worth competitors between mannequin suppliers provides to that, since cheaper fashions could carry extra AI calls, however every name can earn much less.
Jassy mentioned:
“We now consider we are going to spend roughly $220 billion in money CapEx in 2026. The upper value of reminiscence pushing this quantity up from our prior estimate of about $200 billion. Even at that quantity, we are going to nonetheless not have sufficient capability to satisfy all of the demand we’ve got in 2026, and I consider this dynamic will even be true in 2027, too. The truth is, the demand we have already got for 2028 is putting.”
Will AMZN inventory develop by all this spending? Jassy expects free money stream to remain beneath stress till the brand new information facilities come on-line and begin incomes.
So, will AMZN inventory develop into $350? On the time of writing, it nonetheless wants a 43% climb. The Amazon inventory setup works if AWS development holds up, and the following few AWS experiences will probably present which Amazon inventory worth prediction for 2027 lands nearer, the $329 common inventory worth goal or the $350 calls.
