Wall Street sets Amazon stock price 12-month target

Core Viewpoint - Amazon's strong partnership with Anthropic AI is prompting Wall Street to revise its outlook positively for the company, with Bank of America maintaining a 'Buy' rating for Amazon stock [1][6]. Financial Projections - Bank of America projects Amazon shares to increase by 27.47% over the next 12 months, targeting a price of $275 from the current price of $215.74 [2]. - The average 12-month price target for Amazon stock is reported at $282.21, with a high forecast of $325.00 and a low of $175.00, indicating a potential upside of 30.16% from the last price of $216.82 [7][9]. Revenue Insights - Anthropic's annualized revenue run rate has surpassed $19 billion, reflecting a year-over-year increase of $17 billion and a $10 billion increase compared to the end of 2025 [4]. - Amazon's significant $4 billion investment in Anthropic, which includes a commitment for Anthropic to utilize AWS as its primary training and deployment partner, is a key factor in the optimistic outlook [5]. Market Consensus - The consensus rating for Amazon stock among Wall Street analysts is 'Strong Buy,' with a majority of experts supporting this view based on recent ratings [6]. - Recent revisions indicate that despite a downgrade from $305 by Wells Fargo, the most bullish forecast remains at $304, while the most bearish estimate is a 'Hold' rating with a target of $240 [9][10].