WallStSmart
AMZN

Amazon.com Inc

NASDAQ: AMZN · CONSUMER CYCLICAL · INTERNET RETAIL

$265.06
+0.77% today

Updated 2026-04-29

Market cap
$2.84T
P/E ratio
36.77
P/S ratio
3.96x
EPS (TTM)
$7.18
Dividend yield
—
52W range
$179 – $265
Volume
46.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Amazon.com Inc (AMZN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$265.06
Consensus
$285.05
+7.54%
2030 Target
$389.55
+46.97%
DCF
$159.49
-64.93% MoS
42 analysts:
21 Buy2 Hold0 Sell

Management guidance

Amazon management has not publicly issued specific revenue targets through 2030. However, CEO Andy Jassy has emphasized AWS as a high-growth driver with reaccelerated momentum from AI infrastructure investments and strategic partnerships (OpenAI, Anthropic, Meta). The company is investing heavily in AI capacity and silicon (Trainium, Inferentia chips) to capture cloud AI workloads, indicating confidence in sustained double-digit growth through the decade.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$597.31
$1385.0B Rev × 4.8x P/S
Base case (2030)
$389.55
$1385.0B Rev × 3x P/S
Bear case (2030)
$233.73
$1385.0B Rev × 1.8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$574.8B$638.0B$716.9B$821.8B$918.9B$1046.0B$1201.0B$1385.0B
Revenue growth—11.0%12.4%14.6%11.8%13.8%14.8%15.3%
EPS$2.90$5.53$7.17$7.96$9.69$12.10$15.50$19.75
P/S ratio———3.0x3.0x3.0x3.0x3.0x
Implied price———$233.73$259.70$285.67$337.61$389.55

Catalysts & risks

Growth catalysts
+ AWS AI acceleration from OpenAI, Anthropic, and custom silicon (Trainium5, Inferentia3) driving higher-margin cloud revenue
+ Multi-billion dollar customer commitments from Meta ($27B Graviton5 deal), Microsoft ($17B), and enterprise AI adoption accelerating AWS growth
+ Retail segment stabilization with improving logistics efficiency (reduced UPS dependence) and higher advertising revenue (Amazon Ads growing 20%+)
+ Expansion of enterprise software via AI agents (Chain Store Age launch) and managed services creating new revenue streams
Key risks
- Massive AI capex ($150B+ annually) pressuring near-term margins and FCF; capital efficiency unclear until 2027-2028
- Regulatory scrutiny on antitrust (EU targeting cloud/AI) and labor issues reducing operating leverage
- AWS margin compression from competitive pricing (Azure AI momentum) and customer preference for multi-cloud strategies
- Macro slowdown in e-commerce growth or advertising spend reducing retail/ads segment upside

Methodology

Amazon.com Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 42 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 29, 2026.