Cramer says Wall Street analysts playing catch-up to market rally: 'Just a very bullish moment'

Analysts underestimated the staying power of the stock market's 2019 advance and they're being forced to scramble, CNBC's Jim Cramer said Thursday.

said Thursday that research houses on Wall Street underestimated the staying power of the stock market's 2019 advance and they're being forced to scramble.

"Most of the analysts are catching up. They didn't see this rally coming. So they are trying to raise price targets to where the stocks are, if not beyond. And that's just a very bullish moment," Cramer said on Cramer's comments came a day after he said that investors shrugging off Iran's Tuesday night retaliation for last week's U.S. killing of a top Iranian general showed how badly people want in.

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