Quick Read
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AWS posted 36.7% growth, its fastest in 18 quarters, and yet AMZN trades at an 18x forward multiple that represents a discount to its own five-year average.
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Hitting $300 requires just 19.1% upside and a 21x forward P/E, while 2026 EPS estimates surged from $8.66 to $12.57 in 90 days.
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Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Amazon didn’t make the cut. Enter your email to see the names that beat AMZN. The report is free. Enter your email and see if any of your stocks made the cut.
Amazon (NASDAQ:AMZN) is the rare mega-cap where the operating story has accelerated while the stock has drifted. AWS just posted its fastest growth in 18 quarters at 36.7%, the advertising business is a $19.8 billion quarterly line growing 26%, and the chips unit is already at a $25 billion annualized run rate.
Yet shares are up just 9.13% year to date to $251.89. The question I want to answer: can Amazon stock actually hit $300?
What’s Holding Amazon Back Right Now
The fundamentals are accelerating while the stock has stalled. Amazon has fallen 7.49% over the past month and 2.71% over the past week, giving back most of the summer’s post-earnings pop.
Two things are weighing on sentiment. First, capital spending. Amazon guided to roughly $200 billion in 2026 capex for AI infrastructure (that spend flows straight to the power, cooling, and networking suppliers we profiled in a free report on the AI buildout), and trailing free cash flow has turned negative at $7.6 billion.
Second, a headline overhang. Shares fell after news that an inquiry into a fatal Miami plane crash involving Amazon operations ramped up.
With a beta of 1.443, Amazon amplifies market wobbles, and it’s currently sitting well below its 52-week high of $287.20. The setup is a classic case of investors punishing near-term cash burn while ignoring the long-duration revenue being contracted.
Free Report, Just Released
Why Didn’t AMZN Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
And AMZN didn’t make the cut!
The report is free, and you can see why we think each stock is a top investment today.
Enter Your Email and See the Ten →
Wall Street Sees 30% Upside. Our Model Sees More
The Street is loud and bullish. The consensus target sits at $328.17, backed by 15 strong buys, 44 buys, and just 2 holds, with zero sells. Our internal model goes further, targeting $353.36 for a 40.29% upside, with high confidence at 0.9.
