Amazon Looks Expensive. Is It a Buy?

Amazon Looks Expensive. Is It a Buy?

Amazon's (NASDAQ: AMZN) stock price rallied 76% in 2020, as the company grew in the wake of a worldwide pandemic. E-commerce demand surged as social distancing and lockdowns became routine and, as a result, Amazon's share price skyrocketed. The company's shares are currently priced at 58 times Amazon's forward earnings, easily putting them on the more expensive side for many investors.