Morgan Stanley analyst Brian Nowak raised his price target on Amazon (AMZN) to $350, more than 33% above the current price, even though the stock has lagged the S&P 500 over the past six months. Amazon plans $220 billion in capital expenditure this year, mostly for AI. The article argues that AWS remains the leading cloud provider with a 28% market share according to Synergy Research Group, with AWS sales up 37% in the second quarter of 2026 to an annualized $169 billion and operating income of $16.6 billion at a 39% margin. Its custom Trainium AI processor reached a $25 billion annualized revenue run rate, backed by $225 billion in customer commitments, though the piece notes that a 30% share price rise is not guaranteed.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/21/2026 | 262.37 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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