Mizuho Raises Amazon Stock Price Target to $325 Ahead of Earnings
Mizuho lifted the amazon stock price target to $325 from $315 ahead of Amazon’s first-quarter 2026 report on April 29. The change keeps an Outperform call in place and adds to a run of higher targets before the company posts results after the market close.
Mizuho Pushes Target to $325
$325 is the new target from Mizuho, up from $315, as the firm raised estimates to reflect incremental disclosures around scaling chip and AI revenue at Web Services. Mizuho also pointed to new cloud deals with OpenAI, Anthropic and Meta, plus positive comments on quarter-over-quarter growth, Trainium capacity and increasing central processing unit demand.
$200 billion in added backlog was part of the case at UBS, where analyst Stephen Ju raised the firm’s target to $304 from $301 and kept a Buy rating. The move came as Ju cited momentum from major AI-related deals with OpenAI and Anthropic, showing how much of the pre-earnings debate has shifted toward Amazon Web Services rather than retail alone.
Amazon Guides $173.5B to $178.5B
$173.5 billion to $178.5 billion was Amazon’s revenue range for the quarter, alongside 11% to 15% net sales growth and operating income of $16.5 billion to $21.5 billion. The company said that outlook also assumed about 180 basis points (hundredths of a percent) of favorable foreign-exchange impact, about $1 billion of higher year-over-year Amazon Leo costs as it scaled in 2026, and more spending on quick commerce and sharper prices in its international stores business.
$1.63 is the current consensus EPS forecast, while revenue consensus stands at $177.3 billion. If Amazon lands near the middle of its range, the market will focus less on the top line itself and more on whether AWS demand and AI-related backlog justify the bigger targets now being set around the stock.
Oppenheimer and BMO Follow
$275 was Oppenheimer’s new target last week, up from $260, after it projected 2026 AWS revenue growth of 29% and 2027 growth of 30%. The firm said upside could reach 42% and 44% if capex is deployed in linear fashion and revenue per gigawatt holds at historical levels, while BMO Capital also raised its target to $315 from $310.
$5:30 pm ET on April 29 is when Amazon scheduled its conference call after reporting first-quarter 2026 results following the market close. Traders will get a clearer read then on whether the higher price targets are running ahead of the company’s own numbers or simply tracking a faster rebound in cloud and AI demand.
