Amazon Stock Targets $350 by 2027 Amid AI and AWS Growth

Major financial firms including TD Cowen, KeyBanc, and Truist Securities have set a $350 price target for Amazon (AMZN) stock by 2027, citing strong AWS performance and AI expansion. AWS reported 36.7% year-over-year growth in the second quarter, with a $496 billion backlog. Amazon has also integrated models from OpenAI and Anthropic into its Bedrock platform, while securing multi-gigawatt deals for its custom Trainium chips.