Wolfe Research Raises Amazon (AMZN) Price Target as AWS Business Gains from AI and Data Center Investments

3 weeks ago 11

Sheryar Siddiq

Tue, March 17, 2026 astatine 7:08 AM CDT 2 min read

Amazon.com Inc. (NASDAQ:AMZN) ranks among the best FAANG+ stocks to put successful close now. Wolfe Research raised its people for Amazon.com Inc. (NASDAQ:AMZN) to $255 from $250 connected March 10, retaining an Outperform standing connected the company’s shares. The steadfast cited undervalued maturation successful AWS, which is driven by AI request and expanding information halfway capacity. Over the adjacent 3 years, the steadfast expects yearly gross maturation of astir 30%, which is higher than Wall Street’s forecast of astir 25%.

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Wolfe bases its forecasts connected respective factors, including accrued request for AI computing and collaboration with large corporations. According to the firm, Anthropic whitethorn nutrient astir $15.2 cardinal successful AWS-related gross by 2026 done unreality computing utilization, vulnerability to Amazon’s Trainium chips, and revenue-sharing relationships.

Wolfe added that AWS mightiness nett from accrued information halfway capableness and accordant maturation successful accepted unreality services. The steadfast anticipates that Amazon.com, Inc. (NASDAQ:AMZN) would adhd astir 6 gigawatts of computing capableness per twelvemonth successful 2026 and 2027, generating further gross from some AI and basal unreality services.

Amazon.com Inc. (NASDAQ:AMZN) engages successful the retail merchantability of user products, advertising, and subscription services done online and carnal stores successful North America and internationally. The institution has 3 segments: North America, International, and Amazon Web Services (AWS).

While we admit the imaginable of AMZN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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