Morgan Stanley Raises Amazon Target as Hyperliquid Traders Add $3.84M Longs
Photo: TokenPost
Two large traders opened a combined $3.84 million in long positions on Hyperliquid’s AMZN perpetual contracts as Morgan Stanley raised its Amazon target to $350 and named the company its top pick among stocks it covers. Morgan Stanley analyst Brian Nowak lifted the target from $335 and maintained the firm’s Overweight rating. The firm projected Amazon Web Services revenue growth of 47% in 2027 and 42% in 2028, and forecast Amazon’s 2028 earnings per share at about $16.50. One account opened a position worth about $1.21 million at an average price of $261.337.
Source: TokenPost
