Morgan Stanley named Amazon its top pick, raising its price target to $350 from $335 and keeping an Overweight rating, and says the target implies about 40% upside with a 3-to-1 risk-reward ratio. The firm raised its AWS growth forecasts to 47% in 2027 and 42% in 2028, citing higher Nvidia GPU shipments, and estimates Amazon could earn roughly $16.50 per share in 2028. The analysts also point to catalysts including AWS's path toward $1 trillion in revenue, the strength of Bedrock during AI inference, Amazon's position in agentic commerce and its robotics deployment, with shares up more than 4.3% on Monday.
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AMZNcloud computingMorgan Stanley
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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 10/16/2026 | 249.94 |
| Change that session | -1.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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