Amazon (NASDAQ: AMZN) shares rose 3.3% in the morning session after Morgan Stanley named the stock a top pick and raised its price target to $350 from $335, keeping an Overweight rating. Analyst Brian Nowak argued Wall Street underestimates the growth runway for Amazon Web Services (AWS), projecting cloud revenue growth will accelerate to 47% in 2027 as enterprise adoption of the Bedrock AI platform widens. He also pointed to agentic commerce and margin gains as robotics deployment ramps across fulfillment centers. The article notes the stock gained 14% about three months ago after second-quarter results beat expectations, with revenue up 19.6% to $200.6 billion and AWS growing 37%. Shares are now at $260.07, close to their 52-week high of $284.02 set in August 2026.
Summary written by Upside AI from the original article. Read the source for full details.
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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 10/19/2026 | 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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