Amazon (AMZN)'s Doing Better Than People Think, Says Jim Cramer

We recently published Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer discussed.

Retail and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are down by 1.4% over the past year and by 7.4% year-to-date. Ratings firm Moody’s discussed the retailer on February 20th. It revised Amazon.com, Inc. (NASDAQ:AMZN)’s rating to stable from positive and reaffirmed its Senior A1 rating. As is the case with stock market investors, the company’s decision to boost capital spending was also on the ratings agency’s mind. It outlined that Amazon.com, Inc. (NASDAQ:AMZN)’s decision to boost its spending to $200 billion would weigh on the firm’s ability to generate cash. Moody’s added that to secure an upgrade, the firm would have to grow its profit and cash flow. Like Moody’s, Bernstein also discussed Amazon.com, Inc. (NASDAQ:AMZN) after the firm’s earnings. It cut the share price target to $265 from $300 and kept an Outperform rating on the shares. Bernstein outlined that while the company’s cloud computing growth was impressive, it was insufficient to make it comfortable with the $200 billion spending plan. Cramer has taken the contrarian approach with Amazon.com, Inc. (NASDAQ:AMZN):

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“I think everyone feels that Amazon is a wounded tiger. A tiger with a thorn in it that has to go, cannibalistic, or has to go against humans because it’s so hurt. Forget it. I think Amazon’s doing much better than people think.”

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Disclosure: None.