At an All-Time High, Is Amazon Still a Buy?
It's only February and 2020 is already shaping up to be a banner year for Amazon (NASDAQ: AMZN).
The tech giant's stock is up 15% year-to-date, well ahead of the 4.5% gains that the S&P 500 has posted. Amazon blew away estimates in its fourth-quarter earnings report, and the stock has continued to climb since. On Feb. 11, the stock hit an all-time high at $2185.95. Before the recent rally, its last all-time high had come in September 2018 at $2,050.
With the stock at a new record high and its valuation north of $1 trillion, investors may be wondering if the stock is still worth buying. Let's take a look at a few reasons why Amazon could keep going higher from here.
Source Fool.com
