TradingKey – Amazon (AMZN) stock price has pulled back continuously since hitting an all-time high of $287.20 on August 3, and currently has fallen below $260.

Morgan Stanley analyst Brian Nowak, in his latest report, gave Amazon a target price of $335, implying a 30% upside from its current stock price, and maintained an “Overweight” rating. The report noted that if Amazon’s AWS business continues to grow along its expected trajectory, Amazon’s stock price could reach $500 by the end of 2027.

Morgan Stanley estimates that Amazon will add 6 to 8 gigawatts (GW) of computing capacity between 2026 and 2027, and expand at a pace of adding approximately 8 GW annually thereafter, driving total AWS computing capacity from about 14 GW in 2025 to…