- Amazon shares opened Monday at $274 after a 21.5% year-to-date surge.
- Roth Capital Partners issued a strong buy rating with a $325 price target.
- The target implies roughly 18% upside from current levels.
- Analyst Rohit Kulkarni expects AMZN to breach the $300 mark in the coming weeks.
Monday’s trading bell saw Amazon (NASDAQ: AMZN) open at $274, with the global e-commerce giant positioned among the top-performing Magnificent 7 companies of 2026. The stock has surged nearly 21.5% year-to-date, with momentum building in Q3 this year.
Traders who accumulated the dips are sitting on profits in August after the equity reached its 52-week high earlier this month. Consequently, private investment banking firm Roth Capital Partners has issued a fresh price target for the stock.
The Wall Street firm believes Amazon could breach the $300 wall next, a level it has not touched in 2026. In a note to clients, Rohit Kulkarni, the Internet and Capital Markets analyst at Roth Capital Partners, urged accumulation of AMZN shares.
The analyst assigned a strong buy rating with a target of $325, well above the $300 threshold. That target implies nearly $50 per share in potential profit for traders entering at the current $274 price.
The projected return on investment stands at approximately 18%, meaning $1,000 could grow to $1,180 if the prediction holds. Meanwhile, bulls have waited for months to push AMZN above the $300 zone.
According to the firm, the timing is ripe and the move could occur in the coming weeks.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
