Amazon (AMZN) Stock Gets Morgan Stanley Top Pick Nod as Germany Push Grows

TLDR Amazon plans to invest more than €16 billion (about $18 billion) in Germany in 2027, covering cloud, AI, satellite internet and media. AMZN opened at $262.45 on Tuesday, with a market cap of $2.83 trillion. Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. Wall Street’s average price target is $322.53, with 57 Buy ratings and three Hold ratings. Capital spending of about $220 billion a year, negative free cash flow and rising debt remain risks.

Source: CoinCentral