$AMZN - MORGAN STANLEY SEES AMAZON AT $500

Morgan Stanley says Amazon (AMZN) could hit $500 by end-2027 if AWS growth accelerates, nearly doubling from current levels.

The bull case depends on AWS eventually reaching $1T in annual revenue, fueled by AI compute demand and expanding capacity.

Amazon recently raised its 2026 AI spending forecast to $220B.

Morgan Stanley’s base-case target remains $335, implying roughly 28% upside.$AMZNB