Is It Too Late to Buy Amazon Stock?
Shares in Amazon (NASDAQ: AMZN) hit a new all-time high last week, rising to $200 per share. The rally came as multiple tech companies similarly achieved new highs, including , Apple, Microsoft, and Meta Platforms.
Recent dips in unemployment increase the likelihood of the Federal Reserve cutting interest rates. Lower interest rates will allow companies to borrow at a lower cost, a prospect that has made Wall Street bullish.
However, a potential decrease in interest rates isn't the only reason to consider buying Amazon's stock. After more than a year of impressive gains in its e-commerce business, the company is on a promising growth trajectory. Meanwhile, Amazon's heavy investments in markets like cloud computing, AI, and digital advertising are beginning to pay off.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 8.94% for Alphabet Inc. C compared to the current price of 151.46 €.
