Amazon (AMZN) Stock: Jim Cramer Says It’s Built to Dominate the New Economy

TLDR

• Jim Cramer says investors should own companies that “dominate the new economy,” pointing to AI, cloud, and data center stocks.
• Cramer highlighted Amazon as a top pick, citing its cloud growth, logistics strength, and AI exposure.
• AWS grew 28% in its latest earnings, which Cramer called “amazing.”
• Oppenheimer raised its Amazon price target to $275 from $260, keeping an Outperform rating.
• Cramer predicted Amazon is heading to $300, saying “every single analyst has got a target north of 300.”

Amazon (AMZN) stock is up about 18.5% year-to-date and 41% over the past year, and Jim Cramer thinks it still has room to run.

Amazon.com, Inc., AMZN

Speaking on Mad Money Monday, Cramer urged investors not to flee the market following geopolitical-driven sell-offs. The Dow fell more than 1% on the day as oil prices and Treasury yields spiked on renewed Middle East tensions.

Cramer’s message was straightforward: don’t panic, own the right companies.

Cramer has long argued that geopolitical shocks matter to markets mainly through their effect on oil prices and interest rates. But he believes that dynamic has less pull on the tech-driven parts of the economy.

Why Cramer Is Bullish on Amazon

Amazon was front and center in Cramer’s argument. He pointed to its growing AWS cloud business, its massive logistics network, and its connections to the AI boom as reasons why the company can hold up under pressure.

He also noted Amazon’s core strategy of keeping prices low, which he said positions it well when consumers pull back on spending.

His comments came shortly after Amazon reported quarterly earnings that showed AWS growing at 28%. Cramer called the results a “master class,” saying the company is now “making fortunes” from cloud.

He pointed out that high component costs — including DRAM — are pushing companies away from on-premise infrastructure and toward the cloud, a tailwind that benefits AWS directly.

Analyst Backing and Price Targets

Cramer is not alone in his optimism. On April 24th, Oppenheimer raised its Amazon price target to $275 from $260 and maintained an Outperform rating.

The firm said Amazon could benefit from an improved outlook for AWS heading into earnings, though it flagged that eCommerce margins could face pressure from elevated fuel costs.

Cramer went further. He told viewers Amazon is heading to $300, questioning why investors would sell here.

As of Monday, Amazon stock was trading up 1.35% on the day.

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