Though Amazon (NASDAQ: AMZN) maintained Wall Street confidence through 2026, the company’s late July earnings provided a strong catalyst for both the equity itself and for institutional price target upgrades.

The most recent analyst note very much followed the trend as, on August 3, Citi’s Ronald Josey reiterated his previous ‘Buy’ rating but upgraded the 12-month forecast from $325 to $350.

Similarly, the other revisions published in the same month also proved bullish. Specifically, Roth MKM analyst Rohit Kulkarni raised his price target from $300 to $325 while particularly reflecting on quarterly financials such as the expanding AWS margins and claims about rising return on investment (ROI) from artificial…