Morgan Stanley recently tapped Amazon (NASDAQ: AMZN) as its "Top Pick, " placing a $350 price target on the stock. Analyst Brian Nowak called Amazon a "Rule of 90" company, meaning its annual revenue growth rate and earnings before interest, taxes, depreciation, and amortization ( EBITDA ) margin could exceed 90%. The analyst said he sees five catalysts for the stock to climb higher.
POLARIS INSIGHTS