Amazon's (NASDAQ: AMZN) stock rose 7% on Oct. 27 after the e-commerce and cloud leader posted its third-quarter report. Its revenue rose 13% year over year to $143.1 billion and topped analysts' estimates by $1.5 billion. Its net income more than tripled to $9.9 billion, or $0.94 per share, and cleared the consensus forecast by $0.34.
Amazon is still growing, but is it the right stock to buy as macro headwinds continue to curb the growth of the e-commerce and cloud markets? Let's review its growth rates and valuations to decide.
Image source: Amazon.
Source Fool.com