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Large-cap tech stocks have rebounded strongly from their April lows as easing tariff concerns and a more stable macroeconomic outlook reignite investor confidence. Among these giants, e-commerce and cloud titan Amazon (AMZN) continues to attract bullish sentiment, with analysts reaffirming its long-term growth potential.
Morgan Stanley’s senior analyst Brian Nowak recently reiterated Amazon as his “top pick,” raising the stock’s price target to $300 from $250, a 20% upward revision. In an accompanying research note, the firm cited a “more manageable tariff and geopolitical backdrop” alongside improving macro conditions as key reasons for its renewed optimism on AMZN stock.
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