Better Buy: Amazon vs. Apple
Tech stocks made a solid recovery this year after falling out of favor in 2022. Macroeconomic headwinds have caused declines across the industry as inflation hikes curbed consumer and commercial spending. However, advances in burgeoning markets like artificial intelligence (AI) suggest companies could see significant gains over the long term. As a result, investor excitement has sent shares in Amazon (NASDAQ: AMZN) and (NASDAQ: AAPL) soaring around 51% and 32% since Jan. 1.
These companies have massive dominance in their respective industries, making their stocks attractive options to hold for the next five to 10 years. As leaders in e-commerce and consumer tech products, Amazon and Apple will have much to gain from the market's inevitable recovery.
So let's look at whether you're better off buying Amazon or Apple stock this October.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.
