Why Amazon (AMZN) Stock Is Up Today What Happened? Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 3.3% in the morning session after Morgan Stanley named the company a top pick and raised its price target to $350 from $335. Morgan Stanley analyst Brian Nowak maintained an Overweight rating and lifted his target by $15, outlining a three-to-one risk-reward profile and roughly 40% implied upside from Friday's $250 close, in research reported by CNBC. In a note to clients, Nowak argued that Wall Street underappreciates the operating runway for Amazon Web Services, projecting cloud revenue growth will accelerate to 47% in 2027 as enterprise adoption of its Bedrock artificial intelligence platform broadens.
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