Could Nvidia's Stock Soar by 90%? This Wall Street Analyst Thinks So.
Nvidia (NASDAQ: NVDA) stock has been rather weak lately, as it has been the focus of a marketwide sell-off that particularly hurt any company with significant exposure to the artificial intelligence (AI) arms race. Nvidia is down over 20% from its all-time high, placing it in bear market territory. However, the average price target on Nvidia's stock remains far higher than its current price.According to TipRanks, the average price target on Nvidia's stock among 42 analysts is $178.18, indicating a 54% upside. However, Rosenblatt analyst Hans Mosesmann has the highest price target, $220, indicating a 90% upside from current levels. That would be a massive one-year move, but is it feasible? Let's take a look.Continue reading
Nvidia (NASDAQ: NVDA) stock has been rather weak lately, as it has been the focus of a marketwide sell-off that particularly hurt any company with significant exposure to the artificial intelligence (AI) arms race. Nvidia is down over 20% from its all-time high, placing it in bear market territory. However, the average price target on Nvidia's stock remains far higher than its current price.
According to TipRanks, the average price target on Nvidia's stock among 42 analysts is $178.18, indicating a 54% upside. However, Rosenblatt analyst Hans Mosesmann has the highest price target, $220, indicating a 90% upside from current levels.
That would be a massive one-year move, but is it feasible? Let's take a look.
