At least 14 Wall Street firms issued price target hikes on Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock following the company’s Q1 2026 earnings beat reported on April 29. New price argets now cluster between $310 and $350,

EPS $2.78 vs $1.63 and revenue $181.5B vs $177.3B, with AWS up to $37.6B (fastest growth in years) and ads up to $17.2B. The key is the mix: AI-driven cloud demand plus high-margin advertising is funding the $200B 2026 capex plan without spooking the market.

Amazon.com (NASDAQ:AMZN) shares fell 2.6% in after-hours trading Wednesday, even as the company delivered record profits, with investor sentiment weighed down by a sharp increase in infrastructure investment.

Amazon surpassed Wall Street forecasts with revenue of $181.5 billion in the March quarter, up 17% from the year earlier. CEO Andy Jassy noted Project Hail Mary‘s nearly $615 million at the box office to date among the company’s achievements for the three months.

Amazon.com shares opened higher on Thursday, currently up around 2% after the company reported record-breaking quarterly profits. The technology giant reported earnings per share of $2.78, which crushed the analyst consensus of $1.

Amazon shares have climbed over 25% in the past month, fueled by landmark AI infrastructure deals with Meta Platforms and Anthropic. These agreements secure long-term demand for Amazon Web Services’ custom Graviton and Trainium chips, validating its $200 ...