Jim Cramer Shares How Amazon.com (AMZN) is Popular With Budget-Conscious Customer

We recently published 14 Stocks Jim Cramer Talked About. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer talked about.

Retail and software giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are flat over the past year and are up by 3.6% year-to-date. In mid-January, TD Cowen raised the firm’s share price target to $315 from $300 and kept a Buy rating on the shares, as per The Fly. The investment firm discussed Amazon.com, Inc. (NASDAQ:AMZN)’s advertisement business based on the annual Ad Buyer survey. TD Cowen pointed out that the retail company could benefit from a growth in advertisement spending as data showed that more than 60% of the company’s customers planned to increase their spending. Bernstein kept a $300 share price target and an Outperform rating. It commented that Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business, Amazon Web Services, and its retail margins could grow. In his recent remarks about the firm, Cramer focused on the retail business. The CNBC TV host pointed out that Amazon.com, Inc. (NASDAQ:AMZN) was facing tough competition from Walmart. In this appearance, he discussed the firm’s popularity with price-conscious customers seeking trade-down deals:

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“I did like the fact that Jassy talked about how people are trading down, because if you go on Amazon, there are so many great things to trade down to. . .”

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Disclosure: None. This article is originally published at Insider Monkey.