Amazon's stock (NASDAQ: AMZN) has shown significant growth since the start of 2023, outperforming the S&P 500 index. Despite this, the stock is currently trading below its estimated fair value of $205 according to Trefis. The stock price has remained relatively stable, hovering around $170 amidst economic fluctuations.
Amazon's stock performance has been volatile, with returns of 2% in 2021, -50% in 2022, and 81% in 2023. In comparison, the S&P 500 saw returns of 27% in 2021, -19% in 2022, and 24% in 2023. This indicates that Amazon underperformed the S&P in 2021 and 2022.