Analysts Expect Growth at Amazon to ‘Accelerate.’ Does That Make AMZN Stock a Buy Now?

The Amazon (AMZN) bears learned a lesson last week—you can’t count out AMZN stock, even in a so-called down year.

Despite its position as a leading e-commerce and cloud computing company, AMZN stock underperformed the market for much of the year. Last month it was the worst-performing member of the “Magnificent Seven” cohort. But that all changed on Oct. 30, when Amazon posted its third-quarter results, and suddenly, investors were reminded why Amazon earned its reputation as a money-maker after all.