Wall Street sets Amazon stock price target ahead of April 29 earnings

Wall Street analysts raised 12-month price targets on Amazon ahead of its April 29 earnings, underpinning a bullish market view despite near-term risks. AMZN rallied ~18% in April after a weak Q1 (down ~8% YTD), lifting the stock from $209.77 to $248.56. Truist, Bank of America and KeyBanc each boosted forecasts—Truist to $285, BofA to $298 and KeyBanc to $325—citing accelerating AWS revenue. Analysts still flag downside risk from a potential collapse of the Iran ceasefire and consensus EPS expectations for the quarter are lower ($1.69 vs. $1.98 consensus and $1.95 prior). TipRanks data show broad buy-side support (42 Buys, 3 Holds), and a 12-month median upside of ~14.24% to $286.23, reinforcing institutional optimism ahead of the report.