Prediction: 2 Stocks That Will Be Worth More Than Apple 5 Years From Now
Currently, Apple (NASDAQ: AAPL) is atop the throne as the largest company in the world. It leads second-place Nvidia (NASDAQ: NVDA) by $280 billion, but I don't think it will maintain its leadership position.
In the next five years, I think multiple companies will overtake Apple, but two picks are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). These two have a strong case for becoming larger than Apple, but it won't happen overnight.
First off, let's talk about Apple. In my opinion, Apple is trading so high due to its past performance. If you look at the performance without the name attached, Apple isn't currently that great of an investment. If I approached you with a stock that posted shrinking revenue for five of the last seven quarters, and in the two quarters it delivered growth, the best growth rate was 5%, you'd probably pass. Throw in the fact that this company is trading at 34 times forward earnings, and you'd run for the hills.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 148 Buy predictions and 17 Sell predictions.
As a result the target price of 227 € shows a slightly positive potential of 9.61% compared to the current price of 207.1 € for Apple Inc..
