From The Motley Fool: 2024-07-26 13:57:37

Nvidia stock has seen a 16% drop following recent sell-offs driven by geopolitical risk factors. Loop Capital’s analyst predicts a potential 54% upside over the next year, raising the one-year price target from $120 to $175 per share. Analysts believe Nvidia has the potential to outperform Wall Street’s expectations, driven by strong growth in its data center and compute segments. Last quarter, revenue surged 262% year over year. Despite the growth, the stock may still be undervalued, making it a potential buying opportunity for long-term investors.



Read more at The Motley Fool: 1 Wall Street Analyst Thinks Nvidia Stock Is Going to $175. Is It a Buy?