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Amazon AWS AI backlog hits $35B, UBS sees strong growth and raises price target to $333

Analyst Insights
27 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

UBS highlights Amazon's AWS AI backlog at $35 billion with 300% growth year-over-year, expecting AI to drive 26-30% of AWS revenue by 2026-2027. UBS forecasts AWS revenue at $175.9 billion in 2026, surpassing consensus, with operating income estimates 40% above Street expectations in 2027. Additional growth drivers include expanding same-day delivery, grocery push, improved e-commerce economics, and rising ad revenue from Prime Video. UBS maintains a Buy rating, viewing Amazon shares as poised for significant upside as AI and other initiatives accelerate growth.

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