- Amazon stock opened Friday at $256 after a 1.5% drop, remaining range-bound in Q3 2026.
- Evercore ISI analyst Mark Mahaney reiterated a $355 price target for AMZN, implying a 39% upside.
- Mahaney, a five-star-rated analyst with a 59.3% success rate, called the current price grind a buying opportunity.
Amazon stock (NASDAQ: AMZN) opened Friday at $256 after falling more than 1.5% the previous day, and the e-commerce and cloud enterprise giant has remained range-bound this week with little price movement. On the heels of this grind, equity research firm Evercore ISI reiterated its Price Prediction, stating the stock could comfortably exceed $350 and deliver double-digit returns.
Mark Mahaney, the Senior Managing Director who heads Evercore’s Internet Research team, sent a note to clients on Thursday urging them to begin accumulating AMZN. He predicted a target of $355, which represents nearly a $100 gain per share from today’s price.
That target marks an approximate 39% return on investment, meaning a $1,000 position could become $1,390 if the prediction holds. Mahaney is a five-star-rated analyst with a 59.3% success rate, and his projections have historically earned traders an average return of 15.1%. Consequently, his bullish call carries weight on Wall Street, as he is listed among the top 500 stock market analysts.
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