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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.

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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).

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Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.