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Amazon's AWS growth fuels optimism ahead of earnings, with stock poised for a breakout above $300.

Company Fundamentals
30 Oct 2026, 16:04 WIB
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Bullish
Amazon's AWS growth fuels optimism ahead of earnings, with stock poised for a breakout above $300.

Amazon's AWS division reported its fastest growth in years, driving optimism for the upcoming earnings report. Despite a recent stock pullback, AWS revenue grew 37% with a strong operating margin, and the company projects significant future growth, potentially reaching $1 trillion in annual revenue. Investors are watching closely as Amazon raises its capital expenditure outlook amid rising costs, balancing growth with cash flow risks. The stock has a 24/7 Wall St. price target of $328.35, about 31.7% above current levels, reflecting confidence in AWS's momentum and advertising business.

Amazon's AWS growth story is drawing attention even as the stock faces recent selling pressure. On Pluang, Amazon shares trade at USD 227.05, down 6.87% for the day as of Oct 30, 2026 20:21 WIB, below its 52-week high of USD 284.02. Market participants on Pluang hold positions for an average of 128 days, with buying interest outweighing selling at 60% versus 40%.

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