Wall Street sets Amazon stock price for next 12 months

Wall Street analysts remain overwhelmingly bullish on Amazon (NASDAQ: AMZN), even as the company's stock experienced an 8.54% drop in August to close at $259.77 and contends with a new Federal Trade Commission lawsuit concerning advertiser charges. Recent revisions across major investment firms indicate strong confidence in Amazon's long-term trajectory, driven by core retail strength and AWS positioning in artificial intelligence. Over the past several days, multiple institutions updated their 12-month price targets. Citizens maintained a Market Outperform rating with a $315 price target (+21.26%), Wells Fargo issued a Buy rating targeting $328 (+26.27%), and Goldman Sachs presented an even higher target of $375 (+44.36%). Across 40 ratings compiled over three months, sentiment remains almost universally positive with only one Neutral rating and an average price target of $334.05, representing an expected upside of 28.60%.