TheMotleyFool
· Sep 24, 2020, 15:27 · 1 min read
Is Amazon Stock a Buy?
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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