Amazon stock (NASDAQ: AMZN) had a tumultuous start in Q1 of 2026, but rebounded in value in Q2. In a month alone, the e-commerce giant has surged by 18.15% and remains on the greener side of the spectrum. It went from a low of $208 to a high of $248 in a month. All eyes are now on the company’s earnings call, which is scheduled for April 29, 2026. The revenue numbers will dictate the next direction of the equity, which can break or make an investor’s portfolio.
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Bank holding company Truist Financial Securities predicts Amazon could beat market expectations in the upcoming earnings call. Analyst Youssef Squali gave the buy call for Amazon stock on April 17, with a price target of $280. However, the analyst upgraded the price prediction to $285 on Monday. That’s a $5 increase in recommendation before the revenues call by the month’s end.
According to the institutional expert, the revenue growth would come from Amazon Web Services (AWS), accelerating from 23% in Q4 to 25% in Q1. The 2% revenue growth from its web services would strengthen its revenues, leading to robust results that can push Amazon stock up in the charts. The company’s Cloud platform comes with AI capabilities, enabling businesses, including banks and the military, to reduce costs and innovate faster.
Taking an entry position now, when Amazon stock is at the $248 level, could prove to be beneficial. If Truist Financial Securities price prediction on AMZN reaching $285 turns accurate, it would be a surge of 15%. Therefore, an investment of $1,000 could turn into $1,150 if the price prediction hits the target. Apart from Truist Financial Securities, many other financial institutions, like the Bank of America and KeyBanc Capital Markets, have given AMZN a buy call.
Source: Watcher Guru
