[Morgan Stanley Bullish on Amazon: AWS Revenue Could Reach $1 Trillion, Stock Price May Rise to $500 by End of Next Year] Morgan Stanley stated that if Amazon's (AMZN) cloud business AWS sees further accelerated growth, its stock price could rise to $500 by the end of 2027, nearly doubling from current levels. Morgan Stanley highlighted that the core assumption of this optimistic scenario is that AWS's annual revenue will eventually reach $1 trillion, driven primarily by the growing demand for AI computing power and the expansion of cloud computing capacity. Recently, Amazon has raised its AI-related capital expenditure forecast for 2026 to $220 billion. Morgan Stanley currently has a base target price of $335 for Amazon, implying approximately 28% upside from current levels.