This is One of the Cheapest Magnificent Seven Stocks Right Now
24/7 Wall St. rates Amazon (AMZN) a BUY with a $343.50 price target, citing AWS's fastest growth in 18 quarters. Amazon's forward P/E of 23 is between Alphabet (GOOGL) at 17 and Microsoft (MSFT) at 24. Q2 revenue was $200.61B, up 19.62% YoY, with AWS growing 36.7%. The stock is up 12.69% YTD but down 1.89% in the past week.
How this was made

The 30-second read
Why it matters
The report upgrades Amazon to BUY with a 32.8% upside, emphasizing AWS's fastest growth in 18 quarters.
Market read
Amazon's earnings beat and AWS acceleration drive a bullish case, influencing investor sentiment in the cloud sector.
What to watch
Potential regulatory scrutiny of AI services and supply‑chain constraints.
Background
Analyst report from 24/7 Wall St. providing price target and valuation analysis after Amazon's Q2 FY2026 earnings.
Ticker impact
Q2 FY2026 results show 19.6% revenue growth and AWS 36.7% growth, prompting a new $343 price target.
Potential upside of ~30% to the target price.
Analyst sees AWS reacceleration and AI opportunities outweigh capex concerns.
Market effects
AWS growth may lift other cloud providers and AI infrastructure suppliers.
Positive for US tech sector.
Highlights competitive dynamics among the Magnificent Seven.
Counterpoint
High capex and negative free cash flow could pressure margins if growth slows.
Key entities
- companyAmazon.com Inc.
US e‑commerce and cloud services giant.


