Amazon (AMZN) Sees 36.7% AWS Growth, Price Target at $328.17

Amazon (AMZN) reported a 36.7% growth in AWS, its fastest in 18 quarters. Despite this growth, AMZN trades at an 18x forward P/E ratio, lower than its five-year average. To reach $300 per share, a 19.1% upside is required, with analysts projecting a price target of $328.17. The stock has risen 9.13% year to date but has seen a decline of 7.49% in the past month. This information is crucial for investors considering potential price movements and market performance of AMZN.