Is Amazon (AMZN) Stock a Buy Ahead of Earnings Thursday?
TLDR
- Amazon reports Q2 2026 earnings on July 30, after market close
- Evercore ISI reiterates Outperform with a $315 price target; stock currently trades around $231
- Q2 revenue consensus sits at $196 billion, representing 17% year-over-year growth
- AWS growth, margins, and $200 billion capex outlook are the key things to watch
- Morningstar rates AMZN four stars with a fair value estimate of $280, calling it moderately undervalued
Amazon reports its second-quarter 2026 results on Thursday, July 30, after the close of trading. The stock is currently trading around $231, and Wall Street is watching closely.
Evercore ISI reiterated its Outperform rating on Monday, keeping its price target at $315. The firm sees the Street’s Q2 revenue estimate of $196 billion as achievable, with more upside risk than downside.
That $196 billion figure represents 17% year-over-year growth and 9% quarter-over-quarter growth. Amazon’s revenue grew 14% over the last twelve months to reach $743 billion.
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