Wall Street analysts predict Nvidia could rally 25.69% with a mean price target of $175.55.

From Nasdaq: 2024-12-24 09:55:04

Nvidia (NVDA) stock has seen a 2.7% gain in the past four weeks, closing at $139.67. Wall Street analysts have set a mean price target of $175.55, indicating a potential 25.7% upside. The range of 42 price targets varies from $135 to $220, with a standard deviation of $16.81, showing analyst agreement.

Experts caution against solely relying on price targets for investment decisions, as analysts can be biased. However, positive earnings estimate revisions for NVDA suggest a potential upside. Analysts’ price targets can be misleading, as they often aim to generate interest in certain stocks for business incentives.

While analysts’ price targets can provide some guidance, investors should approach them with skepticism. A low standard deviation among price targets indicates analyst agreement on a stock’s potential movement. NVDA’s strong earnings estimate revisions and Zacks Rank #2 support the case for further upside potential in the near term.

A Zacks expert has identified NVDA as a stock with potential to double in value. While not all picks may succeed, previous recommendations have shown significant gains. These stocks are currently under the radar, offering an opportunity for investors to get in early on potential growth.



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