From Nasdaq, Inc.:



Nvidia (NVDA) stock has closed at $489.90 and Wall Street analysts have set the mean price target at $648.63, indicating a 32.4% potential upside. While this indication is positive, investors should be cautious and skeptical of price targets set by analysts, as they may be biased or misleading. There has been an increasing optimism among analysts about NVDA’s earnings prospects, leading to upward revisions in EPS estimates. This trend, along with NVDA’s Zacks Rank #2 (Buy) and strong earnings track record, is a more reliable indication of the stock’s potential for upside in the near term. Despite the potential upside, investors should not rely solely on price targets and should approach them with caution. Additionally, the article has a promotional section regarding Zacks’ top 10 stocks for 2024, which suggests a high potential for stock performance.



Original: How Much Upside is Left in Nvidia (NVDA)? Wall Street Analysts Think 32.4%