{"id":328952,"date":"2026-10-27T17:10:54","date_gmt":"2026-10-27T11:40:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328952"},"modified":"2026-10-27T17:10:54","modified_gmt":"2026-10-27T11:40:54","slug":"amazon-stock-morgan-stanley-and-ubs-raise-price-targets-ahead-of-q3-results-on-29-october-aws-margins-capex-and-risks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/amazon-stock-morgan-stanley-and-ubs-raise-price-targets-ahead-of-q3-results-on-29-october-aws-margins-capex-and-risks\/","title":{"rendered":"Amazon Stock: Morgan Stanley and UBS Raise Price Targets Ahead of Q3 Results on 29 October, but What Do AWS Margins, Capex and Risks Say?"},"content":{"rendered":"

Amazon stock closed at USD 249.09 on the Nasdaq on Monday, 26 Oct 2026, and UBS raised its target to USD 348 from USD 318 with a Buy rating on the same day, while Morgan Stanley raised its target to USD 350 from USD 335 on 20 Oct. Amazon Q3 results are due on Thursday, 29 Oct 2026, after the US market close, and the USD 348 target is about 39.7% above the close (my calculation).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Amazon stock is in focus because UBS and Morgan Stanley have raised price targets to USD 348 and USD 350 ahead of the Amazon Q3 results on 29 Oct, with both pointing to AWS growth and profitability. UBS expects a 2027 AWS operating margin of 46% against a consensus of 38%, while the company guided Q3 net sales to USD 197 billion to USD 202 billion and operating income to USD 22.5 billion to USD 26.5 billion. The risks are capital spending of about USD 200 billion to USD 220 billion this year, negative trailing free cash flow and an options-implied move of about 7.4% on results. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

This is a US-listed share quoted in dollars, so Indian readers should also consider exchange-rate moves and the rules and charges for investing overseas. This article looks at what Morgan Stanley and UBS said, what the market expects from the Q3 results, what the AWS margin debate means for Amazon stock and which risks could change the picture.<\/p>\n

I could not retrieve the full UBS and Morgan Stanley notes, the rating attached to the Morgan Stanley target, or the live Amazon stock price on 27 Oct, so the price is the 26 Oct Nasdaq close. Capex figures differ between reports and I show both. It is educational and not advice.<\/p>\n

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