Morgan Stanley Upgrades Amazon: Why the "Under-Appreciated" AWS Runway Could Drive a 40% Upside

Amazon shares surged over 5% after Morgan Stanley designated the tech giant a top pick, raising its price target to $350. Analysts cited an "under-appreciated" growth runway for Amazon Web Services (AWS), projecting a massive 47% growth rate in 2027 fueled by the deployment of 2 million Nvidia GPUs and operating margins reaching up to 44%. Beyond cloud infrastructure, Morgan Stanley highlighted Amazon's strong positioning to capitalize on AI-driven agentic shopping during the upcoming holiday season and its rapid rollout of robotics in fulfillment centers, solidifying the company as a dominant force in both digital and physical AI.

https://ca.finance.yahoo.com/news/amazon-shares-jump-morgan-stanley-170500525.html