From Nasdaq.:

Tigress Financial analyst Ivan Feinseth maintains a “buy” rating on Nvidia (NASDAQ: NVDA) and increases the one-year price target to $985 per share. The company is expected to dominate AI technologies and data centers, with strong growth in gaming. Nvidia’s stock is currently trading at $777 per share.

Feinseth believes Nvidia could climb 27% more in the near-term, driven by AI advancements. The semiconductor company has tripled its value in the past year and is well-positioned to benefit from the AI revolution. Sales growth of 265% in 2024 and a revenue forecast of $24.0 billion in the first quarter highlight Nvidia’s continued success.

Despite not being one of Motley Fool’s 10 best stocks to buy now, Nvidia remains a compelling investment for long-term investors seeking exposure to AI technologies. The Stock Advisor service offers guidance on portfolio building and stock picks, outperforming the S&P 500 since 2002. Nvidia has the potential for sustained growth and strong returns in the coming years.



Read more at Nasdaq.: 1 Wall Street Analyst Thinks Nvidia Stock Is Going to $985. Is It a Buy Around $777?