Wall Street analysts have maintained their buy rating on Amazon (AMZN) stock, driven by strong growth in Amazon Web Services (AWS) and significant investments in artificial intelligence. Despite keeping the target price unchanged, Amazon's stock has risen by 7% over the past month, buoyed by a better-than-expected first-quarter earnings report. AWS reported a 28% year-over-year revenue increase in Q1 2026, reaching $37.6 billion, surpassing analysts' forecasts. Amazon's consolidated net sales hit $181.5 billion, with projections for Q2 sales between $194 billion and $199 billion, exceeding market expectations. The company's commitment to a $200 billion annual AI investment further bolstered investor confidence. Investment firms have adjusted their AWS target prices, with TD Cowen, Goldman Sachs, and Raymond James raising their forecasts, citing AWS's growth trajectory and AI capabilities. As of now, Amazon's stock trades at $268, with Wall Street's "Buy" rating suggesting continued upward momentum through Q2 2026.