Morgan Stanley Wins Another High-Profile IPO Slot
Here's what we have our eyes on with MS stock as the IPO market improves.
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While shares of Morgan Stanley MS are moving lower Friday, reports indicate Nvidia NVDA -backed Lambda, a cloud computing company that provides hardware and services for artificial intelligence hyperscalers, labs, and enterprises, is preparing to launch an IPO as soon as the first half of 2026. Known Lambda clients include Amazon AMZN, Nvidia, and Microsoft MSFT.
One of the banks hired is our own Morgan Stanley, but the list also includes JPMorgan JPM and Citi C.
This builds on our comments earlier this week about the improving outlook for the IPO market in general, and Morgan Stanley's position in it. As those transactions come to market, we fully intend on revisiting our current $150 target.
For folks that are underweight MS shares, we’ll repeat the comments we made in the August Monthly Roundup — we currently see a compelling risk-to-reward entry point near $130.
The next catalyst for MS shares will be when Dan Simkowitz, Co-President of Morgan Stanley, presents at the Barclays Global Financial Services Conference on September 10.
At the time of publication, TheStreet Pro Portfolio was long MS, NVDA, MSFT and AMZN.
