Amazon shares rose 5.1% to $252.62 on Monday, rebounding from a 3% post-earnings decline. Phillip Securities upgraded the stock to Buy from accumulate and lifted its target to $330 from $320. Mizuho raised its target to $350 from $330 and kept Outperform. Morgan Stanley cut its target to $335 from $350 but kept Overweight. The common thread was AWS: revenue grew 39% to $46 billion, and Amazon said it expects AWS growth north of 40% annually in 2027 and 2028 and a trillion-dollar revenue business in five to 10 years.
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