Amazon’s shares hit a new high in November, showcasing strong growth potential. Despite recent gains, the stock seems reasonably valued, with a history of impressive annual returns. Investors should focus on future growth and current business performance when considering Amazon. With a forward-looking price-to-earnings ratio below its five-year average, the stock appears undervalued. Amazon’s leadership in cloud computing and advertising, along with competitive advantages, position it for further expansion. Consider potential future growth before investing. For more stock recommendations, check out the 10 best stocks identified by The Motley Fool Stock Advisor team.

Read more at Nasdaq: Is Amazon Stock Still a Buy After Hitting an All-Time High?