# Wall Street Stays Bullish on Amazon Stock Even After Berkshire Hathaway's Complete Exit

> Greg Abel's Berkshire Hathaway has sold its entire Amazon position, but most Wall Street analysts have held firm on buy ratings with price targets ranging from $295 to $312. AWS posting its fastest growth in 15 quarters at 28% year over year and an AI revenue run rate crossing $15 billion are the primary drivers behind the bullish consensus.

**Type:** article · **Category:** Market · **Published:** 2026-06-22 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/greg-abel-ne-amazon-men-pura-steka-becha-para-wall-street-ka-bulisha-rukha-barakarara-2360 · **Language:** English
**Tags:** Amazon stock, AMZN, AWS growth, Berkshire Hathaway, Wall Street price target, Greg Abel, AI revenue, Amazon Leo satellite

Greg Abel's Berkshire Hathaway sold every share of Amazon it held, a move that got investors talking. But the exit has done little to shift the Wall Street consensus on the stock, which currently trades around $244 while analyst price targets cluster between $295 and $312. For most long-term holders, the prevailing read is that the recent pullback is a buying opportunity rather than a signal to follow Berkshire out the door.

## Reading Berkshire's Exit the Right Way
A complete exit by a firm as influential as Berkshire Hathaway naturally draws attention, but most analysts covering Amazon say the move reflects Greg Abel's own portfolio priorities rather than any verdict on the company's underlying business health. Berkshire's internal allocation needs drove the decision, and the sale should be understood in that context rather than as a bearish statement about where Amazon is headed.

Warren Buffett, Berkshire Hathaway's outgoing CEO, once spoke candidly about his complicated feelings on not getting into Amazon sooner:

> "I've probably got so many psychological problems with the fact that I didn't do it that it's tough to do it now."
That admission provides useful context for Berkshire's long and complicated relationship with Amazon, and it underscores why the exit should not automatically be read as a warning sign for other investors.

## Where Analyst Price Targets Land Right Now
Right after Amazon's first quarter 2026 results were published, firms including New Street Research and TD Cowen reiterated their buy ratings on the stock. The median twelve-month price target across Wall Street analysts sits in the $295 to $310 range, with some individual targets reaching as high as $312. Measured against a current share price of around $244, those targets imply meaningful upside for investors who hold through the next twelve months.

The recent pullback from the 52-week high has sharpened the buy-the-dip conversation among investors, which explains why interest in Amazon stock has picked up noticeably heading into Q2 earnings.

## AWS Growth and AI Revenue Are Doing the Heavy Lifting
The single biggest pillar underneath the bullish case for Amazon right now is AWS, the company's cloud computing division. In the first quarter of 2026, AWS revenue grew 28% year over year, the fastest pace of expansion the unit has recorded in 15 quarters. For a business already operating at this scale, that kind of acceleration carries real weight with analysts building their 2026 forecasts.

Amazon CEO Andy Jassy addressed the AI momentum directly on the company's Q1 2026 earnings call:

> "We've never seen a technology grow as rapidly as AI. In the first three years of this AI wave, AWS's AI revenue run rate is over $15 billion, nearly 260 times larger than AWS was three years after launch."
Jassy also put the AWS growth rate in the context of the sheer scale it now represents:

> "You know, 28% year-over-year, fastest growth rate in 15 quarters for us. Haven't grown at this pace since we were about half the size. Growing 28% on a $150 billion annual run rate basis is not simple to do."

## Advertising, E-Commerce, and the Emerging Satellite Business
Beyond AWS, other parts of Amazon's business delivered solid results in the first quarter. Advertising revenue rose 22% year over year, adding another strong and growing revenue stream to the company's financial profile, while e-commerce contributed meaningfully to the overall picture as well.

Longer-term investors are paying particular attention to the Amazon Leo satellite business, which already has ten satellites in orbit. This venture opens an entirely new revenue avenue for the company beyond its established cloud and retail operations, and it forms one more plank of the constructive 2026 outlook that analysts keep pointing to when making the bull case.

## The Risk That Cannot Be Ignored
The bull case comes with a genuine complication. Amazon plans to spend close to $200 billion in capital expenditure in 2026, and that level of investment is putting real pressure on free cash flow in the near term. Most analysts who actively cover the stock have already built this spending cycle into their 2026 forecasts, so it is not a hidden risk, but it is something every prospective investor should factor into their thinking before buying.

## The Final Verdict on Buying or Selling
When you put together the AWS growth trajectory, the AI revenue run rate crossing $15 billion, advertising momentum, the new satellite business, and the consensus across Wall Street research desks, most of the Street arrives at the same place: buy the dip. Berkshire's departure is a portfolio story about one investor's internal needs, not a business story about Amazon. For long-term investors who can look past the near-term free cash flow pressure from elevated capital spending, the dominant view among analysts at the time of writing still leans toward buying at current levels rather than following Berkshire out the door.

## What this means for you
**For investors:** Amazon shares currently trade around $244 while Wall Street's median twelve-month price target sits in the $295 to $310 range, pointing to potential upside of 20% or more if analyst forecasts hold. However, planned capital spending of close to $200 billion in 2026 will pressure free cash flow in the near term, so weigh that drag carefully against the growth story before buying.

## Questions & Answers

### 1. Why did Berkshire Hathaway sell its entire Amazon stake?
The sale reflects Greg Abel's own portfolio strategy and Berkshire's internal allocation needs rather than any negative view on Amazon's business fundamentals.

### 2. What is Amazon's current stock price and what are analysts targeting?
Amazon shares currently trade around $244 while Wall Street's median twelve-month price target sits in the $295 to $310 range, with some targets reaching $312.

### 3. How fast did AWS grow in Q1 2026?
AWS revenue grew 28% year over year in Q1 2026, which was the fastest growth rate the division has recorded in 15 quarters.

### 4. What is Amazon's AI revenue run rate?
CEO Andy Jassy said on the Q1 2026 earnings call that AWS's AI revenue run rate has crossed $15 billion, which he described as nearly 260 times larger than what AWS was three years after launch.

### 5. What is the Amazon Leo satellite business?
Amazon Leo is a new satellite venture with 10 satellites already in orbit, opening a fresh revenue stream for Amazon beyond its existing cloud and retail operations.

### 6. How much is Amazon planning to spend on capital expenditure in 2026?
Amazon plans to spend close to $200 billion in capital expenditure in 2026, which is putting pressure on free cash flow.

### 7. Which firms reiterated buy ratings after Q1 2026 earnings?
New Street Research and TD Cowen both reiterated their buy ratings following Amazon's first quarter 2026 results.

### 8. How much did Amazon's advertising revenue grow in Q1 2026?
Amazon's advertising revenue grew 22% year over year in the first quarter of 2026.

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