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Stocks•4 May 2026•

1 min read

BofA Raises Amazon Price Target to $310 Following Strong Q1 Earnings Beat

Key Facts

1BofA Securities raised its price target for AMZN to $310 following first-quarter results that beat market expectations.

2The AWS segment showed accelerated growth, and Q2 revenue guidance exceeded forecasts.

BofA Securities has increased its price target for Amazon.com, Inc. (AMZN) to $310 following first-quarter financial results that surpassed market expectations. The upward revision was driven by Q1 revenue and GAAP profits that exceeded consensus estimates, signaling robust operational health. A key highlight was the AWS cloud division, which demonstrated accelerated growth during the period. Furthermore, Amazon provided optimistic revenue guidance for the second quarter, coming in ahead of previous forecasts despite ongoing concerns regarding rising costs. Analysts believe the momentum in cloud computing remains a primary catalyst for the stock's valuation. This adjustment reflects a bullish stance on Amazon's ability to maintain its leadership position in the mega-cap technology sector.