The analysis provides a price target for Amazon stock by the end of 2026. It incorporates developments about Amazon Web Services outages into the price prediction. The December 2027 earnings per share estimate is $9.22 based on analysts. The forward price to earnings ratio for Amazon stock is 31.22. Combining these figures, the analysis predicts that if everything remains on track, Amazon's stock price could reach $287.85 by the end of next year. An upside scenario is presented if the forward price to earnings ratio moves to 33, the stock price could move to $304 a share, also if forward PE ratio could rise to 35 the stock price will move higher.