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1 Analyst Says Amazon Stock Has 30% Upside. What's the Bull Case for Buying Amazon Right Now?

The Motley Fool·
1 Analyst Says Amazon Stock Has 30% Upside. What's the Bull Case for Buying Amazon Right Now?

Morgan Stanley analyst Brian Nowak raised Amazon's price target to $350, representing 33% upside. The bull case centers on Amazon's dominant position in AI cloud computing through AWS (28% market share, $169B annualized revenue) and its custom Trainium AI processors ($25B annualized revenue run rate). AWS could potentially reach $600B in revenue by 2036 as AI cloud demand surges, justifying Amazon's $220B capex spending this year.

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