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 $250. With a bear case of $220 a share and a bull case of $410, the firm sees a 3:1 risk-reward ratio. (AMZN ) Go deeper with AlphaSpace 258.07 +8.07 (+3.23%) As of 10:09:37 AM EDT. Market Open. "In a market of see-sawing AI leaders and laggards, we detail 5 catalysts ahead to re-rate shares and drive material outperformance," analyst Brian Nowak, who kept his Overweight rating, wrote in a note Sunday.
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