This Trillion-Dollar Stock Has 68% Upside, According to This Wall Street Firm
Reaching a $1 trillion valuation is a big deal, but it's not the end for most companies. As Apple has proven, there's more beyond that threshold. However, when Wall Street firms project 68% upside from a trillion-dollar stock's current price, that's a big deal. Combine that with the fact that this stock is already up more than 60% in 2023, and it becomes very intriguing.
The stock I'm talking about is none other than Amazon (NASDAQ: AMZN), which Redburn Partners has given a 12-month $230 price target as of August 11. While that indicates 68% upside, the Wall Street average projection is $175, indicating around 28% upside. So regardless of who sets the price target, the consensus is pretty clear on Amazon's stock.
So should you hop on in alongside these analysts? Let's find out.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 77 Buy predictions and 6 Sell predictions.
With a target price of 200 € there is a slightly positive potential of 13.69% for Apple Inc. compared to the current price of 175.92 €.
