Morgan Stanley raised Amazon.com stock target to USD 350

Published on 10/23/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 200.6 billion, up 20 percent year over year. Amazon.com stock costs EUR 223.93 on October 23, 2026 in German trading.

Growth and valuation markers

Morgan Stanley raised its Amazon.com target to USD 350 on October 19, 2026.
Second-quarter AWS sales grew 37 percent to USD 42.2 billion.
Amazon.com stock trades at EUR 223.93 at 11:05 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Amazon.com Inc. (ISIN US0231351067) received a USD 350 price target from Morgan Stanley on October 19, 2026, up from USD 335. According to Markets Insider, analyst Brian Nowak maintained a Buy rating and cited faster AWS growth, artificial intelligence infrastructure and warehouse robotics.

Why the target changed

The analyst case rests on Amazon's cloud business. AWS sales rose 37 percent year over year to USD 42.2 billion in the second quarter of 2026, while total company sales increased 20 percent to USD 200.6 billion, according to The Globe and Mail. Operating income reached USD 27.5 billion in that quarter.

What does AWS growth mean?

The sharper question is whether expansion converts into cash. Trailing-twelve-month free cash flow was negative USD 7.6 billion in the second quarter of 2026 as infrastructure investment increased, according to The Globe and Mail. That creates a measurable tradeoff between AWS demand and the cash cost of supporting artificial intelligence capacity.

Three dates shape the setup

On October 7, 2026, Tigress Financial raised its 12-month target from USD 315 to USD 385 while maintaining a Buy rating. On October 15, 2026, Amazon announced its next results call for October 29. On October 19, 2026, Morgan Stanley raised its target from USD 335 to USD 350, according to Markets Insider.

Next reporting date

Amazon's next substantiated event is the third-quarter 2026 results call on October 29, 2026, at 5:00 p.m. ET, according to Amazon. The release will test whether AWS growth, retail margins and infrastructure spending support the valuation case.

Price holds above EUR 223.00

Amazon's market capitalization was USD 2.7 trillion on October 22, 2026, while its Nasdaq 52-week range was USD 196.00 to USD 287.20. The stock was trading at EUR 223.93 at Lang & Schwarz on October 23, 2026 at 11:05 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Amazon.com stock.