Amazon (NASDAQ: AMZN) has delivered huge returns for investors in years past and has done so again in 2023. Shares of the e-commerce and cloud services giant have skyrocketed more than 80% this year.

Some believe that Amazon could keep its impressive momentum going, but others think investors are better off avoiding the stock. Should you buy Amazon stock in 2024?

Of the 47 analysts surveyed by LSEG in December who cover Amazon, 43 recommend the stock as a buy or a strong buy. Three analysts rate Amazon as a hold, while one outlier thinks the stock will underperform.

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Source Fool.com