Is Trending Stock Amazon.com, Inc. (AMZN) a Buy Now?

Amazon has been heavily searched on Zacks.com recently. The stock returned +2.2% over the past month, slightly underperforming the S&P 500's +2.4%. Amazon is rated Zacks Rank #2 (Buy) based on earnings estimate revisions, with expected current quarter EPS of $2.02 (+3.6% YoY) and full-year earnings of $13.01 (+81.5% YoY). Revenue is projected to grow 15.7% for the current fiscal year. However, the company trades at a premium valuation with a D grade on the Value Style Score, suggesting it is overvalued relative to peers.