Despite recent market corrections, Wall Street analysts are optimistic about Amazon and Zscaler, predicting significant upside potential of 26% and 38% respectively over the next year.
Amazon's presence in e-commerce, digital advertising, and cloud computing continues to grow, projected to account for 40.4% of online retail sales and 13.9% of digital ad spending in the U.S. this year.
Zscaler, also forecasted for a substantial 38% upside, is positioned to benefit from increasing demand for cybersecurity solutions as global digital transformation accelerates.
The Nasdaq has a historical tendency to rebound strongly after entering correction territory, with an average gain of 21.9% in the subsequent 12 months, indicating potential future strength.
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