Morgan Stanley is bullish on Amazon

10:16 AM ET Wed, 29 Aug 2018

Morgan Stanley reiterates its overweight rating and increases its price target for Amazon shares to $2,550 from $1,850. It is the highest target out of the 41 analysts who cover Amazon, according to FactSet. At a $2,550 stock price, Amazon would have a market valuation of about $1.2 trillion.