Skip to main content

Market Overview

Jim Cramer On Amazon's Path To $5,700

Jim Cramer On Amazon's Path To $5,700 Inc (NASDAQ: AMZN) "is about to make up for its underperformance," Jim Cramer said on CNBC's "Squawk On The Street" Tuesday.

Jefferies set a sum-of-the-parts target for Amazon at $5,700 on Monday.

Cramer said Jefferies thinks Amazon Web Services could be worth $1.25 trillion in three years.

"Talk about an undervalued asset buried within this company," the CNBC host said. 

Advertising "should explode," and unionization recently failed at Amazon, he said.

Related Link: Why This Amazon Analyst Sees 'Enormous Amount Of Upside' Ahead

The note from Jefferies is going to ignite talk about Amazon going forward, in Cramer's view. 

Advertising is big and the company is doing very well with its Prime Video product, Cramer said.

Investors hold Amazon for consumer goods packaging, advertising and for AWS, he said.

"I think it is going to prove to be an excellent long-term value."

He stressed that there is no reason to trade Amazon, and Cramer instead reccomends buying and holding the e-commerce giant. 

AMZN Price Action: Amazon was up 1.26% to $3,421.83 at last check Tuesday.

Photo courtesy of Amazon. 

Latest Ratings for AMZN

May 2021CitigroupMaintainsBuy
Apr 2021Credit SuisseMaintainsOutperform
Apr 2021BMO CapitalMaintainsOutperform

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings


Related Articles (AMZN)

View Comments and Join the Discussion!

Posted-In: advertising Amazon Web Services JefferiesAnalyst Color Price Target Analyst Ratings Media Best of Benzinga

Latest Ratings

PHXSeaport GlobalInitiates Coverage On
AFCGLake StreetInitiates Coverage On29.0
OSSNoble Capital MarketsUpgrades7.0
NCNOGabelli & Co.Upgrades
HAECJS SecuritiesUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at