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Morgan Stanley Maintains Overweight Rating on Amazon (AMZN) Amid Fresh Grocery Expansion
AmazonAmazon(US:AMZN) Yahoo Financeยท2025-09-21 08:11

Group 1 - Amazon.com, Inc. (NASDAQ:AMZN) is currently considered one of the best fundamental stocks to buy, with Morgan Stanley reaffirming its Overweight rating and a $300 price target due to its entry into the fresh grocery sector [1][2] - Morgan Stanley estimates that Amazon's U.S. gross merchandise value could increase by approximately 120 basis points for every 1% market share gained in the fresh grocery sector [1] - The company has established the necessary logistics infrastructure to support its grocery growth, which is expected to enhance earnings before interest and taxes (EBIT) [2] Group 2 - Amazon operates in multiple industries, including e-commerce, cloud computing through Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence [3]