Bernstein named Amazon and Meta as their top Big Tech trades for 2026, with analyst Mark Shmulik setting a $300 price target for Amazon, citing strong growth projections for AWS.
- Bernstein projects Amazon Web Services (AWS) revenue growth to surpass 20%, driven by AI-powered supply chain robots leading to margin expansion.
- The firm believes Amazon is positioned to overcome the 'last-place' narrative surrounding its cloud business.
- A JPMorgan survey indicated that 46% of investors anticipate AMZN will be the best-performing Magnificent Seven stock this year.