One analyst predicts Nvidia stock could reach $175, citing potential revenue growth

From Nasdaq: 2024-09-05 04:34:00

Nvidia (NASDAQ: NVDA) stock has seen massive gains lately, up 828% before dropping 20%. Cantor Fitzgerald analyst C.J. Muse reiterated a buy rating and $175 price target, citing potential 62% gains. Despite concerns about Blackwell’s launch, CEO Jensen Huang is excited about its potential and expects huge revenue growth.

Nvidia is forecasting 80% revenue growth in the third quarter, but the stock is currently trading at 38 times forward earnings. While Motley Fool Stock Advisor didn’t highlight Nvidia in their 10 best stocks recently, their track record shows impressive returns.

Analyst Danny Vena holds Nvidia positions, and The Motley Fool recommends Nvidia. The views expressed in this article are solely those of the author and do not reflect Nasdaq’s views.



Read more at Nasdaq: Is Nvidia Stock Going to $175? 1 Wall Street Analyst Thinks So.