- Morgan Stanley raised its Amazon price target to $350 from $335, implying 40% upside from Friday's close, and named AMZN a top pick.
- Morgan Stanley expects AWS growth of 47% year over year in 2027 and says investors underappreciate the cloud unit's growth and profit runway.
- Analyst Brian Nowak cites AWS visibility into the Bedrock AI service and robotics fulfillment center ramps through 2027 as catalysts.
- Of 64 analysts covering Amazon, 62 rate the stock buy or strong buy, per LSEG data; shares are up more than 8% year to date.
Quotes
“We continue to think AWS's growth and profit runway is under-appreciated”
“AMZN is a key agentic enabler and winner, and that remains unchanged even through”