Amazon's (NASDAQ: AMZN) stock has had a phenomenal year, as it has already risen 55%. However, many investors might wonder if Amazon stock has run too far to purchase the stock now.

So is Amazon stock still a buy now? Or should investors avoid it until the stock has dropped a bit? Let's find out.

Amazon's business has undergone significant transformations over the past few years. Thanks to the e-commerce spike that COVID-19 generated, Amazon rapidly expanded to meet the demand.

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Source Fool.com