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Is Amazon Stock a Buy?

TheMotleyFool

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E-commerce giant Amazon.com (NASDAQ: AMZN) is having a fantastic year. The COVID-19 health crisis resulted in more online shopping, which is great news for the undisputed leader in that sector. Work-from-home policies also drove a greater need for solid cloud computing services, another area where Amazon holds a market-leading position. The stock has gained 62% year to date, even after a 16% retreat from early September's all-time highs.

Has Amazon burned all of its rocket fuel by now, or is the stock still a buy? Let's have a look.

Image source: Getty Images.

Source Fool.com

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