In mid-2024, the stock market is seeing record highs for both Amazon.com, Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL). Amazon recently hit $200.43 per share, while Apple reached $220.38 per share. Investors are debating which stock is the better buy.
Amazon’s stock has seen a 53.59% increase over the past year and a 31.63% increase year-to-date, with a market cap of $2.08 trillion and a price-to-earnings ratio of 56.02. Analysts predict a 12-month target price range for Amazon between $200 to $245, with an average of $222.50, indicating a potential upside of 10.17%.
Apple’s stock has risen 14.45% over the past year and 14.41% year-to-date, closing at $220.27 on July 2. With a market cap of $3.36 trillion and a price-to-earnings ratio of 34.26, Apple is a market leader. Analysts forecast a 12-month target price range for Apple between $164 to $275, with an average of $219.50, suggesting a modest upside of 0.86%.
Amazon shows more growth potential with a projected increase of 10.17% compared to Apple’s 0.86%. Amazon’s higher price-to-earnings ratio reflects higher growth expectations and risks. Amazon dominates e-commerce and cloud computing, while Apple leads the consumer electronics sector. Investors seeking solid growth may find Amazon more appealing, while those valuing stability may prefer Apple.
Overall, both Amazon and Apple are strong investments. Amazon appears to offer better growth prospects and potential upside, while Apple’s larger market capitalization and lower price-to-earnings ratio may attract more conservative investors. Investment decisions should align with individual goals and risk tolerance.
Article Source
https://quantisnow.com/insight/amazon-vs-apple-the-showdown-at-alltime-highs-5592368