Better Growth Stock in 2024: Amazon vs. Apple
The new year is here, and there are plenty of reasons to be bullish about the next 12 months. 2023 had a tricky start, coming out of a year where the Nasdaq Composite had plunged 33% amid macroeconomic headwinds. However, the situation is much more positive as we begin 2024.
In 2023, the Nasdaq Composite rose 43%, fueled by easing inflation and excitement over burgeoning sectors such as artificial intelligence (AI). The market will probably continue trending up in the coming months, with now an excellent time to consider investing in companies set up to flourish this year and beyond.
As titans of their respective industries, Amazon (NASDAQ: AMZN) and (NASDAQ: AAPL) are two attractive growth stocks with exciting developments in 2024. Amazon has posted multiple quarters of surging growth in its retail business, while Apple will launch its highly anticipated virtual/augmented reality (VR/AR) headset.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 108 Buy predictions and 9 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 4.22% for Apple Inc. compared to the current price of 201.5 €.
