AWS Growth Forecast to 43–45% and $28B Operating Income Drive Bullish Amazon Outlook
AMZN sits 30% above its 52-week low of $196.
Summary
BNP Paribas projects AWS revenue growth of 43–45% and operating income near $28B, setting a $355 price target—about 39% above current levels. The forecast follows Amazon's Q2 2026 results where AWS growth accelerated to 37%, and the company's $200B AI data center commitment. Amazon also blocked Meta's Muse from its marketplace over data-collection and credential concerns, and issued 10-, 30-, and 100-year bonds to fund AI expansion. AWS raised prices on Nvidia-based EC2 Capacity Block instances by ~15% effective Oct 7, and the company cut additional jobs after last year's ~30,000-role restructuring. Amazon is expected to report $1.95 EPS on $202.04B revenue for the quarter ending Oct 29, 2026.
At the time of this announcement, AMZN was trading at $254.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.