Over the past decade, Amazon (NASDAQ: AMZN) shares have crushed the broader market, soaring 782%. But even with the outstanding long-term performance, the stock is 26% off its peak from 2021, presenting a potential buying opportunity.
As of this writing, shares of Amazon trade at a price-to-sales multiple of 2.6, which is substantially below the five-year trailing average of 3.2. Besides that attractive valuation, there are other valid reasons to consider buying this top e-commerce stock right now.
Let's take a closer look at Amazon's business, where it's headed, and what this could all mean for investors.
Source Fool.com