Why Amazon Is Among Morgan Stanley's Top Picks For Q4, 2021

Amazon.com, Inc. (NASDAQ: AMZN) has been a hugebeneficiaryof consumer spending shifting away from experiences such as travel, live events, amusement parks and restaurants, according to Morgan Stanley. The Amazon Analyst:Brian Nowak has an Overweight rating on Amazon with a $3,750 price target. The Amazon Takeaways:About $30 billion to $60 billion of monthly "experience spend" is likely up for grabs for the remainder of 2020, even as the world reopens, Nowak said in a note.Apart from the shift in