Amazon Stock Hits a New All-Time High: Is It Still a Buy?
The tech giant got a huge boost from earnings recently.
Overview
Leading e-commerce and tech company Amazon (NASDAQ: AMZN) has been rallying recently, after posting strong quarterly earnings numbers, hitting a new all-time high of more than $287 along the way. It's now up around 19% for the year, and its market cap is hovering around $3 trillion. The business has been doing exceptionally well as its growth rate has been solid, and its growth opportunities are plentiful.
But has the stock gotten too expensive, or can it still be a good buy at its current levels?
Image source: Getty Images.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.