Amazon Stock Price Target: Citi, Roth MKM and Wall Street Predict Next 12 Months

The Amazon stock price target has moved higher this month, and it is now sitting well above where it was just a few weeks ago. Citi and Roth MKM both raised their forecasts after Amazon’s latest earnings report, and the broader Amazon stock prediction on Wall Street is leaning bullish right now. AMZN stock Wall Street analysts still rate the company a Strong Buy, and the average Amazon 12-month price target keeps climbing as more firms update their numbers.

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Amazon Stock Prediction And Wall Street Targets Point Higher

Citi Raises Amazon Stock Price Target After Earnings

Citi analyst Ronald Josey reiterated his Buy rating on Amazon, and he also raised his Amazon stock price target from $325 to $350. The upgrade followed Amazon’s late-July earnings report, which gave the stock an extra push. Roth MKM’s Rohit Kulkarni made a similar call, and he lifted his own target from $300 to $325 while keeping his Buy rating in place too. Kulkarni’s note also pointed to Amazon’s expanding AWS margins as a reason behind the higher call, and he flagged rising returns from the company’s AI spending as well.

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