12 Wide-Moat Tech Stocks That Are Cheaper Than Amazon
Premium Exclusive: Several high-quality names are trading below our estimates of their fair values.
This week, Amazon (AMZN) muscled its way past Alphabet (GOOG) (GOOGL) to become the second most valuable publicly traded company behind Apple (AAPL). The wide-moat company's stock has soared nearly 32% this year and more than 82% during the past 12 months. As of this writing, Amazon trades about 5% below Morningstar's estimate of its fair value; we consider shares to be fairly valued at this time.
Technically a specialty retail stock in the consumer cyclical sector, Amazon is a tech titan, part of the FANG set that also includes Facebook (FB), Netflix (NFLX) (also technically a consumer cyclical stock, by the way), and Google (now Alphabet).
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.