Brief clip Morgan Stanley....
Four Reasons to Stay Bullish; PT to $3,450
1) US retail inflecting as AMZN drives surging e-commerce, 2)
This is global too as bottom-up work leads us to raise int'l
retail, 3) Expect ad revs upside, 4) AMZN adding record high-
margin dollar growth, creating a path to $95bn of '22 EBITDA
even with investment. Top pick; Bull case to $4,200