Wall Street Floods Amazon With Price Target Hikes After Q1 Beat: Is AWS Truly the AI Infrastructure Winner?

At slightest 14 Wall Street firms issued terms people hikes connected Amazon (NASDAQ:AMZN) banal pursuing the company's Q1 2026 net bushed reported connected April 29. New terms argets present clump betwixt $310 and $350, with TD Cowen starring astatine $350 from $300.

The synchronized expert upgrade question centers connected Amazon Web Services (AWS) reaccelerating to 28% year-over-year (YoY) growth, the fastest successful 15 quarters. For prudent investors, the question is whether AWS has emerged arsenic the durable artificial quality (AI) infrastructure winner.

Amazon's Q1 2026 net bushed featured EPS of $2.78, trouncing the $1.73 estimate. Amazon banal closed astatine $263.04 the adjacent league earlier pulling backmost modestly today.

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The Analysts' Case

The bull lawsuit hinges connected AWS momentum and backlog visibility. JPMorgan calls Amazon its champion net thought aft currency-neutral gross maturation accelerated to 15% successful Q1, the highest successful 3.5 years. Guggenheim highlights a grounds backlog of $364 billion, adjacent excluding the $100 billion-plus Anthropic committedness not yet booked.

Canaccord notes that AWS maturation accelerated astir 480 ground points (bps) quarter-over-quarter (QoQ), with backlog up astir 50% QoQ, arguing Amazon's vertically integrated stack is winning workloads. Barclays adds that Amazon is adding the astir AI capableness of immoderate institution implicit the adjacent fewer years. Stifel flags nett income of $181.5 cardinal were 2% up of Street estimates, portion operating income of $23.9 cardinal came successful 15% amended than consensus, portion Wolfe Research describes the 4th arsenic "clean bushed and raise."