The analyst discusses Amazon's potential stock price by the end of 2027. It currently has a price-to-earnings ratio of 32. Amazon's AWS revenue has increased from $12 billion to $122 billion over the past decade, its most important segment, AWS segment profit margins range from 30-35%. Scenario analysis is based on an estimated earnings per share of $9.47 for 2027. With the current P/E ratio of approximately 32, the stock price target is $303. A P/E ratio of 35 yields a stock price of $331 and a P/E ratio of 40 yields a stock price of $379. A negative scenario with a P/E ratio of 22 could result in a stock price of $208. The analyst suggests that Amazon's P/E multiple will increase.