Is It Too Late to Buy Amazon Stock?
One can understand the sentiment that investors have missed out on Amazon (NASDAQ: AMZN). After a massive sell-off in 2022, the stock has risen by over 60% this year. Moreover, investors reacted positively to the recent earnings release for the third quarter of 2023, which further added to the buying.
And yet, Amazon stock still sells at a 30% discount from its 2021 high. Should investors take that as a sign that they should buy? Let's take a closer look.
In many respects, Amazon is an enigma, and the Q3 2023 earnings report confirms that.
Source Fool.com