Morgan Stanley has reiterated its overweight rating on Amazon.com Inc, identifying the company as a primary GenAI winner with significant growth potential across its retail and AWS divisions. The stock is seeing a slight pre-market decline, tracking broader market weakness following the release of hawkish Fed minutes.
- Analysts project potential growth of 30%+ during 2026/2027 as the company leverages Generative AI advancements.
- Amazon shares are currently trading at $204.42 in pre-market, down 0.18% from the February 18 close of $204.79.
- Broader market sentiment is being pressured by Fed minutes signaling only two rate cuts, contributing to a 0.44% drop in Nasdaq futures.