Why Amazon's Stock Is So Expensive

Trading around $3,200, Amazon's (NASDAQ: AMZN) stock comes with a hefty price tag. Amazon shares are on an incredible rally, even if you zoom out and look at it from a longer-term perspective. 

Why are its shares so expensive? Let's dig a little deeper and try to answer that question. You may find the conclusion a bit surprising. 

Amazon's stock is up over 70% in 2020. Image source: Getty Images.

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Source Fool.com