After Amazon’s 50% stock surge this year, these factors could spur more gains

Amazon.com Inc.’s stock has been a winner this year, rising 50% to sit in the middle of the pack among the “Magnificent Seven.”

But even with this year’s big gains, TD Cowen analyst John Blackledge thinks investors underappreciate some parts of Amazon’s

AMZN story, meaning that a further rally could be in store next year once awareness builds.