Morgan Stanley Raises Amazon Target as Hyperliquid Traders Add $3.84M Longs

Two large traders opened a combined $3.84 million in long positions on Hyperliquid’s AMZN perpetual contracts as Morgan Stanley raised its Amazon target to $350 and named the company its top pick among stocks it covers.

Morgan Stanley analyst Brian Nowak lifted the target from $335 and maintained the firm’s Overweight rating. The firm projected Amazon Web Services revenue growth of 47% in 2027 and 42% in 2028, and forecast Amazon’s 2028 earnings per share at about $16.50.

One account opened a position worth about $1.21 million at an average price of $261.337. A second added about $2.62 million at an average of $262.389. Their combined weighted average entry price was about $262.06.

AMZN perpetual contracts traded at $263.36, up about 4.01% over 24 hours, with roughly $26.17 million in trading volume. Open interest’s nominal value rose about $3.28 million, or 12.53%; estimated contract holdings increased 8.16% after adjusting for the price move. The stock call coincided with two large long positions in Amazon-linked perpetual contracts on Hyperliquid.