Jim Cramer: Amazon Is Classically Undervalued
Amazon shares are hitting all-time highs but the shares remain classically undervalued, says Jim Cramer.
Amazon (AMZN) - Get Report shares are hitting all-time highs but the shares remain classically undervalued, says TheStreet's Jim Cramer. Cramer says the online retailer's shares are still cheap on a sum-of-the-parts valuation after it received a slew of positive praise from Wall Street analysts today. Cramer agrees with legendary mutual fund manager Bill Miller that Amazon Web Services is really "coming into its own" and it could move much higher in coming years considering its size and truly massive scale, so there is no reason to get in the way of it.
