Amazon Gains As Analyst Upgrade And AWS Optimism Lift Sentiment

Amazon.com, Inc. (AMZN) is up 3.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a fresh bullish call from Morgan Stanley, which named Amazon a top pick and lifted its price target while pointing to stronger expected growth at AWS and several AI-related catalysts. The move also appears to be getting support from company updates that kept attention on AWS product momentum and Amazon’s upcoming October 29 earnings report.

Details:

Morgan Stanley raised its price target on Amazon to $350 from $335 and framed the stock as a top pick, highlighting AWS growth, margin potential, Bedrock visibility, agentic shopping, and robotics as catalysts.

The analyst note outlined faster projected AWS expansion in 2027 and 2028, reinforcing the view that the market may still be undervaluing Amazon’s cloud and AI earnings power.

Amazon recently said it will report Q3 2026 results on October 29, which may have added anticipation…

https://www.quiverquant.com/news/Amazon Gains as Analyst Upgrade and AWS Optimism Lift Sentiment

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