Amazon (AMZN) Stock Climbs 20% in April as Wall Street Eyes $300 Price Target
Amazon's stock price surged 20% in April as analysts raised their price targets ahead of the company's Q1 earnings report. The stock is now near its all-time high, with analysts expecting earnings per share of $1.63 and revenues of $177.15 billion.
Amazon's stock has climbed 20% in April, reaching its highest level since November 2025. The stock is now just 1.4% below its all-time record close of $254. Analysts have raised their price targets, with Truist Securities boosting its target to $285 and TD Cowen maintaining a Buy recommendation with a $300 target. Amazon's Q1 earnings report is expected on April 29, with consensus estimates projecting earnings per share of $1.63 and revenues of $177.15 billion. The company's AWS revenue is expected to grow 25% year-over-year, driven by demand for artificial intelligence. Amazon has also announced plans to acquire Globalstar for $12 billion, expanding its satellite connectivity ambitions.
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