Morgan Stanley Raises Amazon PT to $300 - Manageable Tariffs, Strong AI Outlook

Amazon.com, Inc. (NASDAQ:AMZN) is a Must-Watch AI Stock on Wall Street.  On July 11, Morgan Stanley reiterated the stock as “Buy” and raised its price target on the stock to $300 per share from $250. Amazon was reiterated as a top pick, with the firm stating that it sees a “more manageable tariff and geopolitical backdrop.” It also lifted its 2026 and 2027 EPS forecasts by 9% and 6%.

Analysts stated that they view Amazon Web Services as gaining speed again, owing to the growing contribution from AI startup Anthropic. This could bring in revenue of about $10 billion to $19 billion by 2027. Despite supply constraints, core cloud demand also remains strong.

A CIO survey also revealed that AWS is gaining share from rivals. The firm now projects AWS revenue growth of 17% to 18% annually through 2026, with margins near 37%.

“Today, we are re-raising our estimates as we adjust for the more constructive macro landscape with lower tariffs.”

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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