- Goldman Sachs has upgraded its price target for Amazon stock to $375, up from $335.
- The stock opened Tuesday at $278 and faces resistance near the $285 range, but analysts predict a rally above $300 by August’s end.
- A $1,000 investment in AMZN could potentially yield $1,350 if the price target is met, representing a 35% ROI.
Amazon stock (NASDAQ: AMZN) opened Tuesday at $278 and has traded within a tight range this week, following a 13% surge from July to August. The e-commerce giant is struggling to break above the $285 resistance level, though Wall Street analysts remain bullish on its near-term prospects.
Consequently, Goldman Sachs has upgraded its price target for the stock. “Eric Sheridan, the Managing Director at Goldman Sachs, wrote in a note to clients on Monday (August 10, 2026), maintaining his buy rating” and urging institutional clients to accumulate shares, predicting a rise above $300.
According to the latest projection, Amazon stock could reach a target of $375, an increase of $40 from the $335 prior estimate. The analyst expressed confidence in the asset, highlighting immense upside potential as the tech sector recovers in Q3.
An entry position at the $270 zone could still deliver robust gains, as a 35% return on investment is possible. Consequently, an investment of $1,000 in AMZN could turn into $1,350 if the Price Prediction proves accurate.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
