Bullish Wall Street analysts set target prices implying Amazon and Alphabet could reach roughly $3.0–$3.2 trillion market value within 12 months, implying about 23–32% upside from current share prices. Amazon reported second-quarter revenue of $167 billion, a 13% increase, with operating-margin expansion and GAAP earnings of $1.68 per diluted share. The Amazon thesis emphasizes leadership in e-commerce, digital advertising, and cloud computing. Grand View Research projects through 2030 that e-commerce, digital advertising, and cloud markets will grow at approximately 11%, 15%, and 20% annually. Amazon is deploying AI across product listings, customer service, inventory placement, last-mile delivery, and warehouse-robot navigation.
Among 68 analysts, the highest target price on Amazon is $306 per share, according to LSEG Analytics. That implies 32% upside from the current share price $231. It also implies a market value of $3.2 trillion. Among 55 analysts, the highest target price on Alphabet is $250 per share, according to LSEG Analytics. That implies 23% upside from its current share price of $204. It also implies a market value of $3 trillion.
Amazon announced second-quarter financial results that crushed estimates on the top and bottom lines. Revenue rose 13% to $167 billion on particularly strong growth in advertising and cloud services, operating margin expanded 1.5 percentage points, and GAAP earnings increased 33% to $1.68 per diluted share. The investment thesis for Amazon focuses on strong positioning in e-commerce, digital advertising, and cloud computing, three quickly growing markets.
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