Amazon gains nearly 5% after Morgan Stanley raises its price target to USD 350
đ AMZN rose 4.98% to close at USD 262.45 on October 19 after Morgan Stanley named it a âTop Pick,â maintained its Overweight rating and raised its price target from USD 335 to USD 350.
âïž AWS is central to the outlook. The bank lifted its revenue growth forecasts for 2027â2028 to 47% and 42%, from 41% and 37%. These are Morgan Stanleyâs estimates, reflecting stronger expectations for AI computing demand.
đ€ Beyond cloud services, AI shopping agents and warehouse robotics are expected to create revenue opportunities, reduce costs and improve profitability.
âïž The USD 350 target implies roughly 33.4% upside from the latest close. However, that potential still depends on AWS growth and returns from Amazonâs substantial AI infrastructure investments.
#Amazon $AMZNB
đ AMZN rose 4.98% to close at USD 262.45 on October 19 after Morgan Stanley named it a âTop Pick,â maintained its Overweight rating and raised its price target from USD 335 to USD 350.
âïž AWS is central to the outlook. The bank lifted its revenue growth forecasts for 2027â2028 to 47% and 42%, from 41% and 37%. These are Morgan Stanleyâs estimates, reflecting stronger expectations for AI computing demand.
đ€ Beyond cloud services, AI shopping agents and warehouse robotics are expected to create revenue opportunities, reduce costs and improve profitability.
âïž The USD 350 target implies roughly 33.4% upside from the latest close. However, that potential still depends on AWS growth and returns from Amazonâs substantial AI infrastructure investments.
#Amazon $AMZNB