New Street raises target for Amazon.com stock to USD 385.00
Published on 10/06/2026 at 14:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Amazon.com stock received a higher USD 385.00 target from New Street, up from USD 350.00 in the October 2, 2026 note, according to Yahoo Finance. At Lang & Schwarz, the stock was EUR 225.08 on October 6, 2026 at 2:33 p.m. CEST, up 0.41 percent versus the prior close of EUR 224.15.
Second-quarter revenue grew 19.60 percent
Amazon generated USD 200.61 billion in revenue during the second quarter of 2026, up 19.60 percent from the same period a year earlier, according to MarketBeat. Revenue exceeded the USD 197.03 billion consensus figure by USD 3.58 billion, or 1.82 percent.
GAAP earnings per share reached USD 5.75 in the second quarter, compared with a USD 1.82 consensus estimate. The comparison is unusually favorable because net income included substantial investment-related gains, so operating profit and cash generation remain important checks on the headline earnings figure.
Artificial intelligence drives power demand
Amazon's infrastructure strategy also moved into long-term power procurement. The company signed a 20-year agreement with Constellation covering 690 megawatts from Maryland's Calvert Cliffs plant, according to the American Public Power Association on October 1, 2026.
The agreement supports more than USD 3.00 billion of Maryland infrastructure investment and 190 megawatts of additional generating capacity expected between 2030 and 2032. Separately, Reuters reported on October 2, 2026 that Amazon was discussing a vehicle to finance advanced Nvidia chips and lease them back, highlighting the capital intensity of its artificial intelligence expansion.
Analyst optimism meets a wide range
MarketBeat's October 5, 2026 overview listed 56 Buy ratings and three Hold ratings, with an average target of USD 321.63. The same source reported a USD 350.00 target from TD Cowen, while the higher New Street target gives the market a more bullish benchmark.
Amazon's primary listing is Nasdaq, where the stock was last quoted at USD 251.40 on October 5, 2026. Its 52-week range was USD 196.00 to USD 287.20, placing the latest primary-market quote below the yearly high while the Lang & Schwarz reference remains in euros.
Amazon.com stock price and trading view
Amazon.com stock was trading at EUR 225.08 at Lang & Schwarz on October 6, 2026 at 2:33 p.m. CEST, plus 0.41 percent versus the Lang & Schwarz prior close of EUR 224.15 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Amazon.com stock.
Amazon.com stock facts
- Company: Amazon.com, Inc.
- ISIN: US0231351067
- Ticker: AMZN
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 6, 2026, 2:33 p.m. CEST): EUR 225.08
- Change versus prior close: plus 0.41 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 224.15
- Market capitalization: USD 2.7 trillion (as of October 5, 2026)
- 52-week range: USD 196.00-287.20 (as of October 5, 2026)
- Sector / Industry: Consumer Cyclical / Specialty Retail
- Index membership: Nasdaq-100
- Next earnings date: October 29, 2026
