Red-hot tech stocks just refuse to go down.

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said FANG stocks aren't expensive, except for Amazon (AMZN) - Get Report.

Amazon shares are now over $1,000 a share. On Tuesday, Maxim Group hiked its price target on the e-commerce giant to $1,300 from $1,075. The firm maintained its "buy" rating on the stock.

FANG is an acronym coined by Cramer that stands for Facebook (FB) - Get Report , Amazon, Netflix (NFLX) - Get Reportand Google, which is now Alphabet (GOOGL) - Get Report .

Alphabet and Facebook are holdings in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sellsGOOGL or FB?Learn more now.

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