Goldman Sachs added Amazon to its conviction list of most-preferred stocks on Thursday and set a 12-month price target of $375. MarketWatch reported that the target implies approximately 50% gains for shareholders from the stock’s current level. Amazon is the fifth-largest U.S. company by market capitalization, while 95% of Wall Street analysts already rate the stock a buy. Amazon crossed a $3 trillion market capitalization for the first time in August after a stronger-than-expected second-quarter earnings report showed accelerating cloud computing revenue linked to artificial intelligence demand. The stock rose roughly 4% to 5% that day, its strongest single-session performance since May 5, and has gained more than 23% so far this year. Amazon Web Services revenue reached $42.2 billion in the second quarter of 2026, up 37% from a year earlier and marking the division’s fastest growth in 18 quarters. Companywide quarterly revenue rose 20% to $200.6 billion, the first time Amazon exceeded $200 billion in a single quarter. CEO Andy Jassy said capital expenditures are projected to reach $220 billion this year, up from the $200 billion forecast in February, as rising memory prices contribute to the cost of the artificial-intelligence buildout. Jassy said Amazon would still lack enough capacity to meet all demand in 2026 and expected the same dynamic in 2027, while demand already identified for 2028 was striking. Amazon guided for third-quarter net sales of $197 billion to $202 billion, representing growth of 9% to 12%, and operating income of $22.5 billion to $26.5 billion.