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via finance.yahoo.comMarkets

Amazon stock rises after Morgan Stanley raises target to $350 and details five catalysts

FROM THE WIRE · FINANCE.YAHOO.COM

Amazon (AMZN) stock rose more than 3% in early trading on Monday after Morgan Stanley named it a top pick and raised its price target to $350 from $335, outlining five catalysts that could drive the stock higher. The new target implies about 40% upside from Friday's close of…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major broker raises the target on a mega-cap stock, with an intraday gain above 3% that can affect sentiment in the AI and cloud sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morgan Stanley raised its Amazon target to $350 from $335 and named it a top pick.
  2. 02The new target implies about 40% upside from Friday's close of $250.
  3. 03The bank now expects AWS revenue to grow 47% in 2027 and 42% in 2028.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.AMZNStock260.53 USD+1.57%today +4.21%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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