Morgan Stanley named Amazon a top pick and raised its price target while keeping an overweight rating, and the stock rose 5.18% to $262.96. 24/7 Wall St. set its own target at $329.36, and analysts overall hold 16 strong buy, 43 buy, 2 hold and zero sell ratings, with a consensus target of $331.46. Q2 revenue rose 19.6% to $200.61 billion, and AWS grew 37% to $42.23 billion, its fastest pace in 18 quarters. GAAP EPS of $5.75 was lifted by a $53.4 billion one-time gain tied largely to Anthropic. Management guided Q3 net sales to $197 billion to $202 billion, and the AWS backlog stands at $496 billion. The main risks are negative trailing free cash flow of $7.6 billion and planned 2026 capex near $200 billion.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/19/2026 | 262.45 |
| Change that session | +4.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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