Is Amazon Stock a Buy?
Investors could hardly be more optimistic about Amazon (NASDAQ: AMZN) these days. The stock has gained nearly 50% so far in 2023, trouncing the rally in the wider Nasdaq Composite index. Wall Street pros keep raising their expectations, in part because of the declining risk that a recession will severely impact earnings over the next year or so.
But that level of optimism isn't ideal for creating compelling stock valuations. So, let's take a look at whether prospective investors still have a good chance at seeing excellent returns by holding Amazon stock over the next several years.
The business is expanding at a decent clip right now, especially considering its massive size. Revenue in the selling period that ran through late March rose 9%, or roughly even with the prior quarter's rate.
Source Fool.com
