Morgan Stanley has issued a cautious outlook on Amazon's fourth-quarter earnings, citing potential risks due to the company's investments in its lower-margin essentials business during the competitive holiday season. Despite these concerns, Morgan Stanley maintains an 'Overweight' rating on Amazon with a price target of $210. Wall Street profit expectations for Amazon are still seen as high. Additionally, Morgan Stanley suggests that Amazon could cut up to 14,000 managerial roles by early 2025, potentially saving the company $3 billion annually. This move is seen as a strategic effort to improve profitability. Morgan Stanley advises investors to buy the dip.