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‘This was the best quarter’ ever for a company


To doubters of his bold statement, Cramer said, “What are you looking for, incrementalism? This wasn’t incrementalism. This is a new order.”

Amazon shares jumped in early trading Friday, briefly rising above its all-time high of $1,617.54.

Analysts were quick to gush over Amazon’s prospects.

The most bullish, Macquarie’s Ben Schachter, raised his 12-month price target on Amazon by 20 percent to $2,100, a level that would put the stock over $1 trillion in market value.

Cramer said, “The reason it’s not at a trillion is that people aren’t willing to pay $300 more than they should. But they could.”

“It’s going to a trillion dollars,” Cramer predicted.



Source : CNBC

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