Five major catalysts could drive the stock price up 40%! Morgan Stanley names Amazon (AMZN.US) a top pick, raises price target to $350.

Zhitong Finance APP has learned that on Monday, Morgan Stanley, in its latest research report, listed Amazon (AMZN.US) as a top pick, raised its target price from $335 to $350, and maintained its "Overweight" rating. The firm believes that with the accelerated growth of its cloud computing business AWS, the gradual conversion of AI infrastructure investment into profit, and new business opportunities brought by AI agents and robotics technology, Amazon is expected to usher in a new round of valuation re-rating. Based on the closing price of $250 on October 16, the new target price implies the stock still has about 40% potential upside.