Amazon.com, Inc.'s Q2 beat expectations with strong AWS & e-Commerce growth. Click for my updated look at AMZN earnings and ...

Is AMZN Stock A Buy At $220? At its current trading price of $217, Amazon’s stock is priced at a price-to-sales (P/S) ratio of 3.6x, which is closely aligned with its five-year average of 3.2x.

The stock’s price-to-earnings (P/E) ratio now sits at just 36, a far cry from where it’s traded in recent years. For example, this time last year, Amazon’s P/E was hovering around 46.

Amazon’s stock has already posted strong gains, climbing over 150% from $85 in early 2023 to about $210 currently. What could potentially cause the stock to double from this point in the coming ...