Amazon gains nearly 5% after Morgan Stanley raises its price target to USD 350
📈 AMZN rose 4.98% to close at USD 262.45 on October 19 after Morgan Stanley named it a “Top Pick,” maintained its Overweight rating and raised its price target from USD 335 to USD 350.
☁️ AWS is central to the outlook. The bank lifted its revenue growth forecasts for 2027–2028 to 47% and 42%, from 41% and 37%. These are Morgan Stanley’s estimates, reflecting stronger expectations for AI computing demand.
🤖 Beyond cloud services, AI shopping agents and warehouse robotics are expected to create revenue opportunities, reduce costs and improve profitability.
⚖️ The USD 350 target implies roughly 33.4% upside from the latest close. However, that potential still depends on AWS growth and returns from Amazon’s substantial AI infrastructure investments.
#Amazon $AMZNB
📈 AMZN rose 4.98% to close at USD 262.45 on October 19 after Morgan Stanley named it a “Top Pick,” maintained its Overweight rating and raised its price target from USD 335 to USD 350.
☁️ AWS is central to the outlook. The bank lifted its revenue growth forecasts for 2027–2028 to 47% and 42%, from 41% and 37%. These are Morgan Stanley’s estimates, reflecting stronger expectations for AI computing demand.
🤖 Beyond cloud services, AI shopping agents and warehouse robotics are expected to create revenue opportunities, reduce costs and improve profitability.
⚖️ The USD 350 target implies roughly 33.4% upside from the latest close. However, that potential still depends on AWS growth and returns from Amazon’s substantial AI infrastructure investments.
#Amazon $AMZNB