Where Will Amazon Stock Be In 2 Years?
Earnings, Cloud, Product
Positive
Amazon reported a strong first quarter for fiscal 2026, with earnings per share meaningfully exceeding analyst consensus expectations. The company's cloud division, AWS, posted its fastest growth rate in roughly fifteen quarters, while the chips business surpassed a significant annual revenue run-rate milestone and is expanding at triple-digit rates year over year.
Despite the robust operational results, shares have remained roughly flat on a year-to-date basis. Analysts and observers are now debating whether the stock can reach a substantially higher price target within a two-year horizon, pointing to AWS reacceleration and the emerging chips segment as potential catalysts.
Why it matters
The combination of a major EPS beat, re-accelerating AWS growth, and a rapidly scaling chips business suggests Amazon's core profit engines are strengthening simultaneously. Investors will weigh whether the current share price already reflects these improvements or leaves room for further appreciation.
Key facts
Q1 2026 EPS of $2.78 beat consensus by approximately 60.69% • AWS growth reaccelerated to 28%, the fastest pace in 15 quarters • Chips business crossed a $20 billion annual run rate, growing triple digits • Shares trade at $244.39, approximately flat for the year despite strong results