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Home›ETFs & Funds›Equity Funds›Amazon’s cloud push could drive major upside, Morgan S…

Amazon’s cloud push could drive major upside, Morgan Stanley says

Reported · Written up by our desk · Equity Funds

Amazon remains well short of its goal to reach $1 trillion in cloud revenue, but an analyst at Morgan Stanley argues the company’s continued push toward that target could still translate into substantial stock gains.

MarketWatch reports that the bank sees enough momentum in Amazon’s cloud trajectory to suggest the stock could nearly double by the end of next year.

The analysis also frames the $1 trillion goal as a longer-term benchmark, with returns tied to progress made along the way rather than immediate achievement of the full figure.

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Sources

MarketWatchHere’s how Amazon’s stock could nearly double by the end of next year, according to Morgan Stanley
MarketWatchHere’s how Amazon’s stock could nearly double by the end of next year, according to Morgan Stanley

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