Analyst action$MS9:59 AM ET

Morgan Stanley sees Amazon at $500 on AWS growth, $220B AI spend

By BORSA NewsroomPublished Aug 17, 2026, 9:59 AM EDTUpdated Aug 23, 2026, 3:29 AM EDT

Morgan Stanley maintains $335 base target on Amazon. Bull case of $500 by end-2027 assumes AWS accelerates toward $1T annual revenue. Amazon raised 2026 AI spending forecast to $220B.

Sentimentbullish 70

Bullish · 70 of 100

Impact10

low · stays off the top drivers

Confidence55%

developing read · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Morgan Stanley maintains $335 base price target on Amazon.
Bull case price target is $500 by end-2027.