Morgan Stanley raised its price target for Amazon to $350, naming it its top stock pick and projecting strong growth in Amazon Web Services revenue through 2028. Following this, two large traders opened a combined $3.84 million in long positions on Amazon perpetual contracts on Hyperliquid, with entry prices around $262. The contracts traded higher, reflecting increased investor confidence. This move highlights optimism about Amazon's future earnings and market performance.
The news about Morgan Stanley raising Amazon's target price and large trader activity on Hyperliquid is provided here with Pluang's market data for context. For readers following cryptocurrency trends, the breadth of 50 major cryptocurrencies on Pluang showed 16 rising and 32 falling. Notable movers include CRV at Rp6.526 with a 3.03% increase and a Pluang order activity of 99% Sell, SAND at Rp1.017 down 3.00% with 56% Buy activity, and AAVE at Rp2.665.356 down 2.52% with 100% Buy activity. This snapshot is as of Oct 20, 2026 17:31 WIB.
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