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Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target

The Motley Fool·
Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target

Amazon surged 4.98% to $262.45 on October 19, 2026, after Morgan Stanley upgraded it to a top pick with a $350 price target, citing AI growth catalysts. The upgrade highlighted AWS's strong momentum, with revenue up 37% year-over-year in Q2, and expectations for continued performance ahead of Amazon's October 29 earnings report. Regulatory scrutiny on cloud providers remains a longer-term concern.

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