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