Here’s how Amazon’s stock could nearly double by the end of next year, according to Morgan Stanley
Morgan Stanley analyst Brian Nowak predicts Amazon's stock could nearly double by the end of 2027, reaching $500 per share. This projection is based on the company's efforts to significantly expand its Amazon Web Services (AWS) cloud business, despite its CEO's ambitious $1 trillion annual revenue goal for AWS being a long-term target.
Why it matters
Attributed market update with source link for portfolio context.