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Amazon shares jump as Morgan Stanley calls AWS runway “under-appreciated”

Source: proactiveinvestors.com

Analyst InsightsCompany FundamentalsCorporate Guidance & Outlook
Amazon shares jump as Morgan Stanley calls AWS runway “under-appreciated”

Amazon shares rose more than 5% on Monday after Morgan Stanley named it a top pick and raised its price target to $350 from $335. The firm sees roughly 40% upside and increased its AWS growth estimate for 2027 to 47% from 41%.

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