Morgan Stanley raised the firm’s price target on Amazon.com (AMZN) to $330 from $300 and keeps an Overweight rating on the shares. Alphabet’s (GOOG) (GOOGL) and Amazon’s cloud businesses are surging, with Alphabet’s TPU bull case in play, the analyst tells investors in a research note. The firm added that it increased its estimates and price targets on those two stocks, noting that Meta‘s (META) numbers were strong with Muse-enabled products/continued strong core ad growth key to revisions and multiple expansion.
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