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Amazon stock set to hit $400 by Sept 2028 after key earnings report on Oct 28, 2026.

Company Fundamentals
01 Oct 2026
24/7 Wall Street
View Source
Bullish
Amazon stock set to hit $400 by Sept 2028 after key earnings report on Oct 28, 2026.

Amazon shares, currently 14% below their 52-week high, are predicted to reach $400 by September 28, 2028, driven by strong growth in AWS and AI chip businesses. The upcoming Q3 2026 earnings report on October 28 will be crucial, with investors watching AWS revenue growth, operating income, and capital spending versus cash flow. AWS backlog of $496 billion and accelerating profits support this bullish outlook. Wall Street consensus is positive, with 59 analysts recommending buy and none recommending sell.

Amazon shares trade at USD 246.93 on Pluang as of Oct 01, 2026 21:41 WIB, down 0.89% for the day. The stock is currently 14% below its 52-week high of USD 284.02. Pluang investors show a buying interest with 65% of order activity favoring buys over sells.

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