Quick Overview
- Amazon shares finished Friday at $250.56, sitting just 1.4% beneath the company’s record closing price of $254.
- AMZN has climbed 20% throughout April, posting gains in nine of the past 10 trading days.
- Truist Securities boosted its target to $285, anticipating 25% AWS revenue expansion in Q1.
- TD Cowen analyst John Blackledge maintained his Buy rating with a $300 target price.
- Amazon announced plans to acquire Globalstar for approximately $12 billion and partnered with Apple on satellite services.
Amazon has been assembling an impressive rally over recent weeks. Shares settled at $250.56 on Friday — marking the highest closing price since November 3, 2025 — positioning the stock within striking distance of its all-time record close of $254, just 1.4% away.
The advance has been consistent and methodical. The e-commerce and cloud computing giant has recorded positive closes in nine out of the previous 10 trading sessions and has climbed 20% during April. For the year, AMZN shares have appreciated approximately 8.6%.
As Amazon prepares to report Q1 results on April 29, analysts are closely monitoring the company’s performance. Wall Street consensus forecasts call for earnings per share of $1.63 — a slight increase from the $1.59 reported in the same quarter last year — while revenue is expected to reach approximately $177 billion, reflecting roughly 14% annual growth.
On Friday, Truist analyst Youssef Squali lifted his price objective to $285 from $280, keeping his Buy recommendation intact. His forecast calls for AWS revenue to expand 25% in Q1, marking an acceleration from the 23% growth rate posted in Q4 2024, fueled by strengthening AI collaborations with companies including OpenAI and Anthropic.
Squali’s outlook also includes approximately 10% year-over-year growth in North America marketplace revenue, noting that macroeconomic challenges such as elevated fuel prices remain “manageable” provided they don’t persist long-term.
Over the weekend, Jim Cramer characterized Amazon as “ascendant” while positioning it against Microsoft, which he labeled as what “people are saying a chronic underperformer.” According to Cramer, Amazon represents the superior investment opportunity at present, given its growth momentum compared to concerns about decelerating revenue at Microsoft.
Wall Street Targets $300 Price Level
John Blackledge, a 5-star analyst at TD Cowen, reaffirmed his Buy rating alongside a $300 price objective — representing approximately 20% upside from Friday’s closing price. His analysis suggests Q1 revenue will marginally exceed consensus projections, with operating income tracking roughly 4% above Street expectations.
Blackledge identifies high-margin advertising revenue and AWS as the primary profit catalysts, complemented by ongoing improvements in fulfillment operations.
Looking toward Q2 2026, his revenue estimate exceeds Wall Street’s by 1.5%, while his operating income projection runs 5% higher — indicating expectations for continued AWS momentum.
Among Wall Street analysts, Amazon commands a Strong Buy consensus rating, supported by 42 Buy recommendations against only 3 Hold ratings. The mean price target sits at $284.77, suggesting approximately 14% potential appreciation from current trading levels.
During Q4 2025, AWS delivered 24% year-over-year revenue growth. CEO Andy Jassy highlighted this as the division’s “fastest growth in 13 quarters” — a metric that analysts are incorporating into their Q1 projections.
Amazon Enters Satellite Communications Space
Beyond the upcoming earnings event, Amazon executed a significant strategic transaction this week. On Tuesday, the company revealed plans to purchase Globalstar at the equivalent of $90 per share — a deal valuing the satellite operator at nearly $12 billion.
This acquisition enables Amazon to develop its own satellite-based internet infrastructure, challenging the market currently dominated by Elon Musk’s Starlink service.
Additionally, Amazon finalized an arrangement with Apple to deliver satellite connectivity capabilities for existing and upcoming iPhone and Apple Watch products. This partnership leverages an existing Globalstar contract that Apple had previously established.
The consensus Wall Street price target of $284.77 implies roughly 14% upside potential from AMZN’s latest closing price of $250.56.
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