Cramer Says Amazon Can Reach $300 as AWS Growth Lifts Bull Case

Overview

• Jim Cramer told Mad Money viewers that Amazon is built to dominate the new economy and said the stock is heading to $300.
• He tied the view to Amazon’s latest results, which showed Amazon Web Services growing 28% from a year earlier.
• Cramer said high prices for components like DRAM are pushing firms off their own servers and into the cloud, which he argued benefits AWS.
• Oppenheimer raised its price target to $275 and kept an Outperform rating, while cautioning that higher fuel costs could pressure retail margins.
• Amazon shares are up about 41% over the past year and roughly 18.5% year to date, which supporters say reflects growing confidence in its cloud and AI position.