Analysts predict potential returns of 226% for Mobileye Global and 83% for Nvidia

From Nasdaq: 2024-08-04 05:05:00

The Nasdaq Composite has made record highs, but is currently down 11% from its peak, leaving some wondering if the rally is over. However, analysts believe there is still more upside ahead for the index due to a resilient economy and potential Fed rate cuts.

Nvidia, a leading semiconductor company, saw a 262% year-over-year revenue increase and a 629% rise in earnings per share in Q1 of fiscal 2025. Despite significant stock gains, Wall Street remains bullish on Nvidia, with a potential upside of 83% according to Rosenblatt analyst Hans Mosesmann.

Mobileye Global, a pioneer in advanced driver-assistance systems, is facing challenges due to a slowdown in auto production. Despite a decline in revenue forecast for 2024, the stock offers an upside potential of 226% according to Citi analyst Itay Michaeli. The stock is attractively priced at just 7 times forward sales.



Read more at Nasdaq: 2 Nasdaq Stocks to Buy Before They Soar as Much as 226% According to Select Wall Street Analysts