Better Buy: Apple vs. Amazon
The stock prices for (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) went in opposite directions on Aug. 4 after the companies released their latest earnings reports. Apple's stock sank 5% after its slower-than-expected iPhone sales overshadowed its top- and bottom-line beat for the third quarter of fiscal 2023, which ended on July 1.
Meanwhile, Amazon's stock price soared 8% after its second-quarter beat indicated its e-commerce and cloud businesses were recovering. So is it the right time to sell Apple and buy Amazon? Let's take a fresh look at both tech giants to decide.
Image source: Getty Images.
Source Fool.com
Apple Inc. Stock
€201.25
0.350%
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.35% for Apple Inc. compared to the current price of 201.25 €.
