Morgan Stanley has set Amazon's short-term target price at $335, indicating a potential 28% increase from its current stock price. The firm also projects that Amazon's stock could climb to $500 by the end of 2027. The crux of this optimistic outlook hinges on the performance of Amazon Web Services (AWS). Morgan Stanley's analysis suggests that if Amazon continues to ramp up its computing capacity and simultaneously enhances the profitability per unit of computing power, AWS's revenue could soar past the $1 trillion mark by 2035.