Here’s How High Analysts Think Nvidia Stock Can Rise
From Nasdaq.:
Summary: Nvidia (NVDA) has experienced massive wealth creation for shareholders with a 15,738% surge in the last 10 years. With a market cap of $1.78 trillion, NVDA is set to rise in the next 12 months.
Summary: Nvidia is a leading provider of graphics and networking solutions used in various sectors like gaming, data centers, and automotive. It has a first mover advantage in AI and predicts robust growth in the AI market, making it a strong investment option.
Summary: Nvidia has reported strong revenue growth, with sales of $45 billion. This company is expected to report sales of $59.16 billion in fiscal 2024 and $94.46 billion in fiscal 2025. It also has strong free cash flow and is forecasted to have an upside potential of 300% from current levels.
Summary: Analysts at Morgan Stanley and Goldman Sachs raised their price targets on NVDA stock. NVDA is already trading above its mean target price of $675.52, though the Street-high price target of $1,100 implies expected upside of 51%.
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