10 Jim Cramer Stocks with Huge Upside Potential

6. Amazon.com, Inc. (NASDAQ:AMZN)

Average Price Target Upside: 25.28%

Number of Hedge Fund Holders: 339

Last week, Cramer pointed out that Amazon.com, Inc. (NASDAQ:AMZN) stock has big gains over the last 20 years, as he said:

“Next, we’re entering cream of the crop territory. In sixth place, we find a Magnificent Seven named Amazon, up more than 10,700% gain in the Mad Money era. When this show began, Amazon was a lowly survivor of the Dot-com bust, growing its e-commerce business nicely, but still barely profitable. Since then, though, it’s grown into a colossus with its sprawling e-commerce business and a bountiful cloud infrastructure division.

Now, as a mega-cap tech giant, Amazon has all sorts of exciting new growth opportunities, from a still underappreciated advertising business to the Prime membership program that’s brought the company into the streaming media space. Much, much more. Amazon reports on Thursday night and while I’m sure there’ll be a lot of talk about tariffs of course, and the state of the consumer, this is one of the few retailers with enough bargaining power to truly mitigate these new import duties and I still like it for the long haul [buy, buy, buy].”

Amazon (NASDAQ:AMZN) is a well-known name and provides products and services related to e-commerce, advertising, and subscription-based services. On May 6, Tigress Financial raised its price target on AMZN to $305 from $290 and maintained a Buy rating after the Q1 report.

The firm believes Amazon (NASDAQ:AMZN) is in a strong position to handle different economic and consumer spending conditions due to its solid e-commerce and fulfillment operations. The analyst highlighted that the company is pushing forward with artificial intelligence to support revenue growth, improve cash flow, and boost shareholder value.