Morgan Stanley names Amazon a top pick, raises price target to $350, citing AWS and agentic AI catalysts

Morgan Stanley named Amazon a "Top Pick" with an Overweight rating, raising its price target to $350 from $335, implying about 40% upside from Friday's close. The bank cites a combination of catalysts, including AWS growth modeled at +47% YoY in 2027 with Bedrock gaining visibility, and agentic AI. Amazon shares rose about 5% on the day.

Detected & updated continuously · Source: Nebula