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Amazon stock could surge to $350 in 2027 as AWS booms and AI chip demand grows.

Analyst Insights
24 Sep 2026
24/7 Wall Street
View Source
Bullish
Amazon stock could surge to $350 in 2027 as AWS booms and AI chip demand grows.

Amazon shares have risen over 10% in 2026, driven by strong growth in AWS and AI-related custom silicon businesses. Wall Street analysts are bullish, with a consensus price target near $329 and some forecasts even higher, based on expected 2027 revenue of nearly $947 billion and earnings per share (EPS) around $10.47 to $15.04. Key growth drivers include a $496 billion AWS backlog, fully subscribed AI chips like Trainium2, and expanding advertising revenue. Achieving $350 per share would represent about a 38% gain from current levels and is supported by Amazon's history of strong returns during AWS growth phases, though near-term capital expenditures may pressure free cash flow.

Amazon shares are currently trading at USD 246.25 on Pluang, down 1.21% for the day as of Sep 24, 2026 21:43 WIB. Despite the recent dip, the stock remains well below its 52-week high of USD 284.02, with strong buying interest shown by 94% of Pluang orders.

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